SDI Group PLC Trading Update (5382O)
10 Febrero 2021 - 1:00AM
UK Regulatory
TIDMSDI
RNS Number : 5382O
SDI Group PLC
10 February 2021
SDI Group plc
("SDI", the "Company" or the "Group")
Trading Update
SDI Group plc, the AIM quoted Group focused on the design and
manufacture of scientific and technology products for use in
digital imaging and sensing and control applications, is pleased to
announce an update on trading.
As reported in our interim results to 31 October 2020, while
most of our businesses have seen revenues negatively impacted by
the COVID-19 pandemic, two of our businesses secured significant
one-time contracts for equipment relating respectively to the
treatment and testing of COVID-19 and of similar respiratory and
viral diseases.
We are very pleased to report that our Atik Cameras business
unit has secured follow-on camera orders from an OEM manufacturer
of real time PCR DNA amplifiers with delivery centered on our year
to 30 April 2022. This is a significant endorsement of the Atik
Camera design and production capability, recognising its expertise
in imaging solutions for life sciences.
While timing of delivery for the orders in hand is still to be
finalised, and there is no guarantee that further orders will
follow, the Board believes that the Group, as a whole, will exceed
the market's sales and profit expectations for the year ending 30
April 2021 and substantially exceed the market's sales and profit
expectations for the year ending 30 April 2022. This is also
underpinned by the continued recovery of activity across all of its
businesses.
The Board currently expects that Revenue and Adjusted* Profit
Before Tax in 2021 and 2022 will exceed:
GBP000's Year to 30 Year to 30 Year to 30
April 2020 April 2021 April 2022
(Audited)
Revenue 24,498 34,000 42,000
------------ ------------ ------------
Adjusted Profit Before
Tax 4,348 6,700 8,700
------------ ------------ ------------
Ken Ford, Chairman of SDI, commented: "These are exceptional
prospective outcomes in unprecedented times, during which the staff
across SDI have executed on all aspects of our buy-and-build
business model."
* before amortisation of acquired intangible assets,
reorganisation costs, acquisition costs and share-based
payments
Enquiries
SDI Group plc
Ken Ford, Chairman
Mike Creedon, CEO
Jon Abell, CFO
www.thesdigroup.net 01223 727144
finnCap Ltd
Ed Frisby/Kate Bannatyne - Corporate Finance
Andrew Burdis/Sunila de Silva - ECM 020 7220 0500
JW Communications
Julia Wilson - Investor & Public Relations 07818 430 877
About SDI Group plc:
SDI designs and manufactures scientific and technology products
for use in digital imaging and sensing and control applications
including life sciences, healthcare, astronomy, manufacturing,
precision optics and art conservation. SDI operates through its
company divisions: Atik Cameras, Synoptics, Graticules Optics,
Sentek, Astles Control Systems, Applied Thermal Control, MPB
Industries, Chell Instruments and Monmouth Scientific.
SDI continues to grow by developing its own technology
advancements and by improving its global sales channels, as well as
through pursuing strategic, complementary acquisitions.
www.thesdigroup.net
The information communicated in this announcement is inside
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596/2014.
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END
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