Judges Scientific PLC Trading Statement and Notice of Final Results (9559Z)
16 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMJDG
RNS Number : 9559Z
Judges Scientific PLC
16 January 2020
Press Release 16 January 2020
Judges Scientific plc (the "Group" or "Judges")
Trading Statement and Notice of Final Results
The Board of Judges Scientific plc, a group involved in the buy
and build of scientific instrument businesses, updates shareholders
and the market on the Group's trading performance for the financial
year ended 31 December 2019.
Year-on-year Organic* order intake progressed 3.3%. Over the
year as a whole demand was healthy but uneven during the year; in
particular order intake in December was less buoyant than in 2018.
Despite this, the Group starts the new year with a comfortable
Organic* order book, stable in value compared to the 2018 year-end
and equivalent to 13.2 weeks of budgeted sales (31 December 2018:
14.2 weeks).
The Group's performance has been driven by continued healthy
demand, by a strong focus on timely deliveries and by the still
excellent exchange rates; as a result, the Board anticipates that
EPS for the full year ended 31 December 2019 will be slightly ahead
of market expectations which were revised upwards following the
publication of the interim results on 18 September 2019.
Notice of Final Results
Judges expects to announce its full year results for the year
ended 31 December 2019 on 18 March 2020.
*Organic includes those businesses owned by the Group prior to 1
January 2018
For further information please contact:
Judges Scientific
David Cicurel, CEO Tel: +44 (0) 20 3829
Brad Ormsby, Group FD 6970
Shore Capital (Nominated Adviser
& Broker)
Stephane Auton Tel: +44 (0) 20 7408 4090
Edward Mansfield
Sarah Mather
Liberum (Joint Broker) Tel : +44 (0) 20 3100 2222
Bidhi Bhoma
Euan Brown
Media enquiries:
Alma PR (Financial Public Relations)
Rebecca Sanders-Hewett Tel: +44 (0) 20 3405 0205
Sam Modlin judges@almapr.co.uk
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group involved in the buy
and build of scientific instrument businesses. The Group currently
consists of 17 businesses acquired since it was re-admitted to AIM
in 2005.
The acquired companies are primarily UK-based with products sold
worldwide to a diverse range of markets including: higher education
institutions, the scientific communities, manufacturers and
regulatory authorities. The UK is a recognised centre of excellence
for scientific instruments. The Group has received five Queen's
Awards for innovation and export.
The Group's companies predominantly operate in global niche
markets, with long term growth fundamentals and resilient
margins.
Judges Scientific maintains a policy of selectively acquiring
businesses that generate sustainable profits and cash. Shareholder
returns are created through the repayment of debt, organic growth
and dividends.
For further information, please visit www.judges.uk.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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