Trading Statement

RNS Number : 4002G

Newmark Security PLC

06 June 2013

 



6 June 2013

Newmark Security plc

("Newmark" or the "Group")

Pre-close trading update

Newmark Security plc (AIM: NWT) a leading provider of electronic and physical security systems, is pleased to provide the following pre-close trading update for the year ended 30 April 2013. 

The Group's trading in the second half of the year has continued to be encouraging, benefiting from a number of contracts previously announced, particularly in its asset protection division.  Whilst certain of these are multi-year contracts, a significant proportion of equipment procurement occurred in the year ended 30 April 2013 resulting in stronger than expected revenue in the year.  As is common with such contracts, the speed of branch roll-out is at the discretion of our customers; consequently the timing of revenues recognised by the Group can vary against management's original expectations.

Overall, the Directors believe Group revenue for the year ended 30 April 2013 will be not less than £18 million (2012: £13.1 million) with a material improvement in the trading profitability against prior year.

Marie-Claire Dwek, Chief Executive Officer, commented "we have been very pleased with our trading in the year to April 2013, but are mindful that a number of larger contracts, the benefit of which has partly fallen into the financial year just gone will not necessarily be replicated in the current financial year. However these contracts should benefit the profitability of the Group in future years". 

The Board expects to recommend a dividend at the time of the publication of the final results for the year ended 30 April 2013.

- Ends -

For further information:

Newmark Security plc
Marie-Claire Dwek, Chief Executive Officer	Tel: [phone]
Brian Beecraft, Finance Director	www.newmarksecurity.com

Cantor Fitzgerald Europe
Mark Percy / David Foreman, Corporate Finance Katie Ratner, Corporate Broking	Tel: [phone]
	www.cantor.com

Notes to editors

Newmark Security PLC is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets.  Operating through two established and wholly owned divisions, Grosvenor Technology (Electronic) and Safetell (Asset Protection), the Group listed on AIM in 1997.

Founded in 1989 Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its CUSTOM brand OEM product range.  Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and many universities.  More information can be found at www.gtl.biz

Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment.  Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains.  More information can be found at www.safetell.co.uk

 

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