OMG PLC
16 October 2003
OMG plc ('OMG' or 'the Company')
Positive Trading Update
OMG, a leading supplier of motion capture and visual geometry systems used for
medical, entertainment and engineering applications, announced today that
following on from a strong recovery in the first half of the financial year, the
results for the year ended 30 September 2003 will be ahead of market
expectations.
The second half of the year continued with a strong performance with revenues
over 40% ahead of the same period last year. For the year as a whole this
represents revenue growth in excess of 20% compared to last year. It is
anticipated that the Company's profits for the year as a whole will be ahead of
those reported for the first half of the year.
Julian Morris, CEO, commented: 'I am delighted to see the Company resuming a
path of revenue growth and profits. The performance for the year has been
assisted by strong growth in the United States and recognition of the high
performance of our product range.'
For further information, please contact:
Julian Morris, Chief Executive, julian.morris@omg3d.com
Peter Wharton, Finance Director, peter.wharton@omg3d.com
Tel: 01865 261800
Tim Thompson, Buchanan Communications
Tel: 020 7466 5000
16 October 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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