Trading Statement

RNS Number : 4077Y

Judges Scientific PLC

24 January 2014

 

Judges Scientific plc

24 January 2014

Judges Scientific plc (the "Group" or "Judges")

Trading statement

The Board of Judges is pleased to update shareholders on the Group's trading performance for the financial year ended 31 December 2013.

Judges had a successful year including the completion of its largest acquisition to date, Scientifica Limited ("Scientifica"), and an £8.1m placing. The Group achieved good organic sales growth and, in addition, Global Digital Systems Limited ("GDS") and Scientifica performed well. Margins and cash generation were satisfactory and the Board believes that adjusted earnings per share for 2013 will be at the higher end of market expectations.

After a strong start, order intake softened in the second quarter, a trend experienced by other companies in the sector. The second half showed a gradual improvement leading to an excellent few weeks towards the end of the year. Organic growth in order intake, together with a positive performance by GDS and Scientifica, produced a year-end order book of ten and a half weeks, similar to last year.

The recent strength of Sterling is not helpful for export driven industries but Judges has started 2014 with good order visibility, a solid balance sheet and an improved economic environment.

Ends

For further information please contact:

Judges Scientific Plc

David Cicurel, CEO

Tel: [phone]

Shore Capital (Nominated Adviser & Broker)

Pascal Keane

Edward Mansfield

Tel: [phone]

Cardew Group (Financial Public Relations)

Nadja Vetter

Tel: [phone]  or 07941 340 436

 

END

 

 

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