Trading Update
OMG PLC
16 October 2006
16 October 2006
OMG plc ('OMG' or 'the Group')
Trading update
OMG plc, Oxford Metrics Group, the technology group providing image
understanding products for the entertainment, defence, life science and
engineering industries, announces a trading update for the year ended 30
September 2006.
Trading in the second half of the year has been strong and, as a result, the
Board anticipates closing the year with revenues slightly ahead of market
expectations and profitability significantly ahead of market expectations.
Nick Bolton, Chief Executive, commented:
'The Group has performed well once again, with strong trading in all of our
major markets. Revenues are slightly ahead of our expectations and the positive
effect on profit has been more pronounced due to a combination of strong gross
margins and continuing cost control. This has been achieved whilst increasing
the level of investment in promising new market opportunities in defence and in
street-level geospatial imaging. I look forward to updating the market more
fully when we publish the full year results in December.'
Results for the twelve months ended 30 September 2006 will be announced on
Thursday 7 December 2006.
- ENDS -
For further information please contact:
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Hannah Sloane
ABOUT OMG
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies
producing image understanding solutions for the entertainment, defence, life
science and engineering industries. Be it for capturing actors (for the movie
industry), sportsmen (for video games or improving team performance), children
with Cerebral Palsy, rehab patients and animals (for medical, life science and
research industries) or virtual reality displays (for engineering and
development), the Group has the world leading market position and a strong
international reputation for precision instruments.
Founded in 1984, the Group has global headquarters in Oxford UK, and offices in
California and Colorado USA. It has customers in over 35 countries and is a
quoted company listed on AIM, a market operated by the London Stock Exchange.
The Group trades through two core operating subsidiaries - Vicon, the world's
biggest motion capture and movement analysis company and 2d3, a manufacturer of
specialised visual effects software.
Oxford Metrics' global clients in science, medicine, sport, engineering, gaming,
film and broadcast include major hospitals and research facilities such as Guy's
Hospital, Nuffield Orthopaedic and Loughborough University, engineering industry
leaders including Ford Motor Company, BMW, Airbus, Caterpillar, and Toyota, and
in the entertainment sector, Sony, Industrial Light and Magic, The Moving
Picture Company (MPC), Sega, Nintendo, UbiSoft, Electronic Arts, Square Enix and
many others.
For more information about OMG and its subsidiaries, visit www.omg3d.com,
www.vicon.com, or www.2d3.com.
This information is provided by RNS
The company news service from the London Stock Exchange