Judges Scientific PLC Full Year Trading Statement and Notice of Results (1836N)
19 Enero 2023 - 1:00AM
UK Regulatory
TIDMJDG
RNS Number : 1836N
Judges Scientific PLC
19 January 2023
19 January 2023
Judges Scientific plc
(the "Group" or "Judges")
Full Year Trading Statement and Notice of Final Results
The Board of Judges Scientific plc, a group focused on acquiring
and developing companies in the scientific instrument sector,
provides the following update on the Group's trading performance
for the financial year ended 31 December 2022.
Throughout 2022 the Group had to contend with increasing supply
chain issues, the impact of the war in Ukraine and significant
inflationary pressures, all whilst continuing to recover from the
challenges created by Covid-19. In spite of the difficult external
environment, the Group continued to display the resilience of its
business model and further execution of its strategy.
Organic order intake was up 0.5% compared with the record
performance reached in 2021. Following a solid H1, Organic intake
softened in the second half, but picked up strongly in December
with the relaxation of China's Covid-19 restrictions. Organic
revenues increased 8% compared to 2021. As Organic order intake
exceeded Organic revenue, the Organic order book at 31 December
2022 increased to 21.1 weeks (31 December 2021: 19.8 weeks).
At the end of May 2022, the Group completed its largest
acquisition to date, Geotek, for a total consideration of up to
GBP80m. As anticipated at the time of the Group's interim results
in September, Geotek has delivered a strong contribution in the
second half of the financial year, with the Board expecting it to
have generated the level of profits required to trigger the maximum
earn-out.
As a result of the solid Organic performance together with the
first-year contribution from Geotek , the Board anticipates that
Adjusted earnings per share for 2022 will be modestly ahead of
current market expectations.
Notice of Final Results
The Company intends to announce its full year results for the
year ended 31 December 2022 on 22 March 2023.
For further information please contact:
Judges Scientific plc Tel: 020 3829 6970
David Cicurel, CEO
Brad Ormsby, FD
Shore Capital (Nominated Adviser & Broker) Tel: 020 7408 4090
Stephane Auton
Iain Sexton
Liberum (Joint Broker) Tel: 020 3100 2222
Edward Mansfield
William Hall
Alma PR (Financial Public Relations) Tel: 020 3405 0205
Sam Modlin judges@almapr.co.uk
Justine James
Joe Pederzolli
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group focused on
acquiring and developing companies in the scientific instrument
sector. The Group consists of 20 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 companies hold 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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTEAXFPFANDEFA
(END) Dow Jones Newswires
January 19, 2023 02:00 ET (07:00 GMT)
Judges Scientific (LSE:JDG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Judges Scientific (LSE:JDG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024