Judges Scientific PLC Full Year Trading Statement and Notice of Results (7060X)
07 Enero 2022 - 01:00AM
UK Regulatory
TIDMJDG
RNS Number : 7060X
Judges Scientific PLC
07 January 2022
7 January 2022
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 2021.
2021 was a year of recovery for the Group from the worst impact
of Covid-19. The adaptability of our sector and its customers
coupled with the reduced severity of lockdowns and university
closures enabled year-on-year Organic (1) order intake to increase
by 25.1%. Further, despite the remaining commercial challenges
still caused by Covid-19, Organic (2) order intake was up 8.5%
against 2019, which was the previous record year for the Group.
The Group starts 2022 with a strong order book. Organic growth
in bookings and a good performance by recently acquired businesses
propelled our year-end total order book to 22.5 weeks. The Organic
order book was 21.9 weeks at 31 December 2021 (31 December 2020:
14.7 weeks).
Order intake remains the main driver of performance and
consequently the recovery in orders resulted in good progress in
revenues. Organic revenue, which was 5% ahead in the first half,
accelerated in the second half to reach double-digits for the year
as a whole.
As a result of the positive performance of the Group, the Board
now anticipates that Adjusted (3) Earnings Per Share for the full
year ended 31 December 2021 will be ahead of market expectations
(4) .
Notice of Final Results
The Company intends to announce its full year results for the
year ended 31 December 2021 on 23 March 2022.
Notes:
1. Organic includes those businesses owned by the Group prior to 1 January 2020.
2. In this context only, Organic includes the businesses owned
by the Group prior to 1 January 2019.
3. Adjusted earnings figures are stated before adjusting items
relating to hedging of risks materialising after the end of the
period, amortisation of acquired intangible assets, share based
payments and acquisition-related costs.
4. Market consensus Adjusted Earnings Per Share of 209.7p.
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation (EU) 596/2014. The person
responsible for making this announcement on behalf of the Company
is Brad Ormsby.
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
Iain Sexton
Tel : +44 (0) 20 3100 2222
Liberum (Joint Broker)
Bidhi Bhoma
William Hall
Media enquiries :
Alma PR (Financial Public Relations)
Justine James Tel: +44 (0) 20 3405 0205
Sam Modlin judges@almapr.co.uk
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 currently consists of 19 businesses acquired
since 2005.
The acquired companies are primarily UK-based with products sold
worldwide to a diverse range of markets including: higher education
institutions, scientific research facilities, 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 reduction of debt, organic growth
and dividends.
For further information, please visit www.judges.uk.com
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END
TSTEAPFKEDSAEFA
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January 07, 2022 02:00 ET (07:00 GMT)
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