Trading Update

RNS Number : 0419B

OMG PLC

20 October 2009

 



20 October 2009

OMG plc

('OMG' or the 'Group')

Trading Update

OMG plc, (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, is pleased to provide the following trading update for the financial year ended 30 September 2009.

Trading in the second half of the year was similar to that seen in the first half in terms of revenue mix and market conditions. As a result, full year turnover is expected to be in excess of £26m generating full year profits broadly in line with market expectations.  

Sterling strengthened during the period, which reduced the unrealised foreign exchange book gains reported in the first half and resulted in unrealised foreign exchange losses in the second half.  However, as a result of effective cash collection and inventory management the Group ended the year with a better than expected cash balance of £2.8m.  Overall, the pipelines for the Group's businesses remain encouraging going into the new financial year.

The Group will announce preliminary results for the financial year ended 30 September 2009 on 1 December 2009.

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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

About OMG

OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries. Be it for capturing the movements of 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's headquarters are in Oxford, UK, and it has offices in California and Colorado, USA. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three operating subsidiaries - Vicon, the world's biggest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for entertainment and defence applications and Yotta, our 3D mapping business, which collects and analyses highway data and street level imaging and which, following the acquisition of Mobile Video Services, Inc. in April 2008 is a leading US provider of data collection services for the assessment of property taxation. 

Oxford Metrics' global clients in science, medicine, sport, engineering, gaming, film, broadcast and 3D mapping include major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector, Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA, Square Enix and in 3D mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others. 

For more information about OMG and its subsidiaries, visit www.omg3d.com, www.vicon.com, www.2d3.com or www.yotta.tv  

 

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