SDI Sdi Group Plc

TIDMSDI

RNS Number : 8000Z

SDI Group PLC

26 May 2021

SDI Group plc

( " SDI " , the " Company " or the " Group " )

(AIM: SDI)

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 provide an update on trading for the year ended 30 April 2021.

Following the Company's February Trading Update, March and April sales and order intake have been robust across all of our businesses, evidencing a further and welcome return towards normality in our served markets.

Subject to any audit adjustments, we now expect to report Revenue of approximately GBP35.3m and Adjusted* Profit Before Tax of approximately GBP7.4m, both of which are higher than those provided in our 10 February 2021 Trading Update.

We have not changed our expectations for our current financial year ending 30 April 2022 compared with the update provided on 10 February 2021 (Sales > GBP42.0m, Adjusted PBT > GBP8.7m).

Ken Ford, Chairman of SDI, commented: "This further increase in performance in a challenging year underlines the strength of the SDI operating model and the dedication of our staff."

* before amortisation of acquired intangible assets, reorganisation costs, acquisition costs and share-based payments

Enquiries

   SDI Group plc                                                               01223 727144 

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

   finnCap Ltd                                                                   020 7220 0500 

Ed Frisby/Kate Bannatyne - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

   JW Communications                                                     07818 430 877 

Julia Wilson - Investor & Public Relations

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

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May 26, 2021 02:00 ET (06:00 GMT)

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