Datong PLC Trading Update (3840N)
28 Septiembre 2012 - 1:01AM
UK Regulatory
TIDMDTE
RNS Number : 3840N
Datong PLC
28 September 2012
Press Release 28 September 2012
DATONG PLC
("DATONG" or "the Company")
Trading Update
DATONG PLC (DTE.L), a leading provider of covert intelligence
gathering solutions, announces that order intake from its Americas
territory during September has been unexpectedly slower relative
both to the Board's expectations and to prior years. Traditionally,
September has been a strong month benefiting from customer spending
at the end of the budget cycle in the USA.
Although end user demand remains strong, budgetary pressures
have resulted in the placing of a number of large order
opportunities, which the Group had expected to receive and deliver
in September, being deferred into the 2013 fiscal year.
In other territories, demand since the interim results statement
has been in line with the Board's previously announced
expectations; Demand from within Europe has remained weak during
the period whereas the UK and ROW territories have performed well.
Specifically within the ROW territory, an order for GBP0.8m,
previously expected to be delivered during the summer will be
delayed until the early part of the 2013 financial year due to
delays in obtaining the relevant export licenses.
As previously highlighted, the Group has implemented a number of
cost reduction initiatives during the year and the Board is pleased
to confirm that these are now delivering tangible cost savings and
margin improvements.
Overall, whilst the Group's Balance Sheet remains strong with
around GBP2.6m net cash (2011: GBP1.3m), the Board expects the
financial results for the year to be materially below last year on
sales revenue of around GBP9.3m (2011: GBP11.7m). Although the
market in which DATONG operates remains relatively robust,
individual markets are continuing to prove volatile, the result of
which is that it has become increasingly difficult to forecast year
on year financial performance. The Board however remains confident
that the Group's strategy of diversification, its focus on
investment in technology and new product development will drive the
business forward.
- Ends -
Enquiries:
DATONG PLC Tel: +44 (0) 113 239
5350
Mark Cook, Chief Executive Officer
Stephen Ayres, Finance Director
Nominated adviser and broker
Canaccord Genuity Tel: +44 (0) 207 523
4630
Simon Bridges / Kit Stephenson
Media enquiries
Abchurch Communications Tel: +44 (0) 207 398
7710
Sarah Hollins / Quincy Allan
quincy.allan@abchurch-group.com
Notes to Editors
DATONG PLC provides a range of advanced high performance covert
intelligence gathering solutions, supplying defence, homeland
security and law enforcement agencies around the world.
Intelligence strength continues to play an increasingly central
role within governmental agencies and police forces, supporting the
fight against terrorism and organised crime.
DATONG is headquartered in Leeds, United Kingdom and employs 85
staff . The Group has a wholly owned subsidiary in the United
States, DATONG Electronics Inc., with a sales and service office in
Chantilly, Virginia. DATONG's proprietary products (as well as
Third Party products) are sold internationally into more than 37
countries using both the Group's direct sales force and a network
of independent overseas distributors.
DATONG (DTE.L) listed on the AIM market in London in October
2005 and is included in the FTSE Electronic Equipment sector. Group
revenue for the 12 months to 30 September 2011 was GBP11.75 million
(2010: GBP14.06 million).
Further information on DATONG PLC can be found at
www.datong.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFSRASIDFIF
Datong Electronics (LSE:DTE)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Datong Electronics (LSE:DTE)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
