Synectics PLC Trading Update (2339W)
11 Diciembre 2023 - 1:00AM
UK Regulatory
TIDMSNX
RNS Number : 2339W
Synectics PLC
11 December 2023
11 December 2023
Synectics plc
("Synectics" or the "Company")
Trading Update
Synectics plc (AIM: SNX), a leader in advanced security and
surveillance systems, provides an update on trading for the year
ended 30 November 2023 ("FY 2023").
The Company expects results for FY 2023 to be materially ahead
of market expectations, reflecting strong trading in the second
half, particularly in the oil & gas market.
Additionally, the Company ended FY 2023 with a strong order
book, totalling GBP28.6 million (30 November 2022: GBP24.4 million)
providing the Board with continued confidence for the year ending
30 November 2024. Net cash at 30 November 2023 was GBP4.6 million
(30 November 2022: GBP4.3 million) with undrawn bank facilities of
GBP3.0 million.
The Company remains focused on the delivery of specialist
surveillance systems - including a flexible, open-architecture
software platform and specialist hardware to meet exacting
requirements in challenging environments - to targeted specialist
markets, including gaming, oil & gas, and public space.
Synectics expects to announce audited results for FY 2023 in
late February 2024.
For further information, please contact:
Synectics plc Tel: +44 (0) 114 280
Paul Webb, Chief Executive Officer 2828
Amanda Larnder, Chief Financial Officer
info@synecticsplc.com
Shore Capital Tel: +44 (0) 20 7408
Tom Griffiths / David Coaten 4090
Vigo Consulting Tel: +44 (0) 20 7390
Jeremy Garcia / Fiona Hetherington / Aisling 0230
Fitzgerald
synectics@vigoconsulting.com
About Synectics plc
Synectics plc (AIM: SNX) is a leader in advanced security and
surveillance systems that help protect people, property,
communities, and assets around the world.
The Company's expertise is in providing solutions for specific
markets where security and surveillance are critical to operations.
These include gaming, oil and gas, public space, transportation,
and critical infrastructure.
Synectics has deep industry experience in these markets and
works closely with customers to deliver solutions that are tailored
to meet their needs. Technical excellence, combined with decades of
experience and long-standing customer relationships, provides
fundamental differentiation from mainstream suppliers and makes the
Company a stand out in its field.
Find out more at www.synecticsplc.com
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END
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December 11, 2023 02:00 ET (07:00 GMT)
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