Site visit to SEA

Cohort PLC

30 April 2024

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 30 April 2024

COHORT PLC

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

Site visit to SEA

Cohort, the independent technology group, is today hosting a visit for institutional investors to its subsidiary Systems Engineering and Assessment Ltd (SEA)'s site at Barnstaple, Devon, UK.

The visit will include presentations from SEA's management team focusing on SEA's Trainable Decoy Launcher System (known as Ancilia), its integrated anti-submarine warfare system tailored to smaller vessels (Krait), its lightweight Torpedo Launcher System (TLS), and a facility tour. Presentations will be made available online after the event.

Cohort has been successful with a number of recent contract awards, including the 26 March 2024 announcement of a £135m Royal Navy countermeasures contract. These, together with other recent order wins, were stated as expected to materially enhance the Group's earnings.

No new information on current year trading will be shared at the site visit.

ENDS

For further information please contact:

Cohort plc	0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Emily McBride, Group Head of Marketing and Corporate Communications
Raquel McGrath, Company Secretary
Investec Bank Plc (NOMAD and Broker)	020 7597 5970
Carlton Nelson, Christopher Baird
MHP	07817 458 804
Reg Hoare, Ollie Hoare, Hugo Harris	[e-mail]

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total over 1,250 core staff there and at its other operating company sites across the UK, Germany, and Portugal.

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence

·      EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt

·      MASS is a specialist data technology company serving the defence and security markets, focused on electronic warfare, digital services, and training support. Acquired by Cohort in August 2006. www.mass.co.uk

·      MCL designs, sources, and supports advanced electronic and surveillance technology for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

Sensors and Effectors

·      Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com

·      ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval marketplace. Acquired by Cohort in December 2020. www.elac-sonar.de 

·      SEA delivers and supports technology-based products for the defence and transport markets alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk

Note: No statement in this announcement is intended as a profit forecast, profit estimate or quantified benefits statement for any period and no statement in this announcement should be interpreted to mean that earnings or earnings per share for Cohort for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for Cohort.

 

END