Trading Update

RNS Number : 4178R

OMG PLC

30 April 2009

 



30 April 2009

OMG plc

TRADING UPDATE

OMG plc, Oxford Metrics Group (LSE: OMG), ('OMG' or 'the Group') the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, announces that trading for the six months ended 31 March 2009 has been in line with management expectations and, excluding the effect of the acquisition of Mobile Video Services in April 2008, is comparable with the same period last year. 

Trading in the UK has been mixed, although ultimately steady, with Vicon UK, largely an export business to non-US markets, trading well. This performance, boosted by the significant benefits of the strong dollar, has helped offset challenging economic conditions in the US. Although trading at Vicon USA and Yotta MVS has been impacted, the Board is pleased to note that the pipelines for both these businesses remain encouraging going into the second half of the year.   

Results for the six months ended 31 March 2009 will be announced on 23 June 2009.

- ENDS -

For further information please contact:

OMG plc	[phone]
Nick Bolton, Chief Executive David Deacon, Finance Director
Financial Dynamics	[phone]
Juliet Clarke / Matt Dixon / Emma Appleton
Evolution Securities (NOMAD to OMG)	[phone]
Jeremy Ellis

 

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