Interim Management Statement

RNS Number : 2170T

Vislink PLC

18 November 2013

 



18 November 2013

Vislink plc

Interim Management Statement

Vislink plc (the "Group"), the global technology business specialising in high performance wireless communications products and services for the broadcast and surveillance markets, today publishes a trading update and Interim Management Statement in respect of the financial period from 1 July 2013 to 18 November 2013. 

Since the half year results overall trading has been in line with our expectations and although our order book visibility remains limited, we remain on track to meet the Board's expectations for the full year.

Economic conditions in our core markets of the US, UK and Europe remain challenging, however the Group has a well-established international sales force, a strong brand and market-leading products and this has enabled us to secure key business opportunities.

The Group has continued to invest in developing new products and solutions. At the recent International Broadcasting Convention (IBC) in Amsterdam the Group launched the Link L1700 Wireless Camera Transmitter, designed to be smaller and lighter and offer market-leading features. IBC 2013 also saw new products added to the successful MSAT satellite communications range.   Our products continue to gain accolades with the Group recently receiving the Society of Broadcast Engineers' Award for the NewStream state of the art mobile broadcast system, which combines Electronic, Satellite and Cellular Newsgathering.

Our recently announced global partnership with C-COM Satellite Systems Inc has progressed well with our sales teams pursuing cross selling opportunities and the R&D teams working together on future solutions.

The integration of Amplifier Technology, a leading designer and manufacturer of amplifiers and jamming solutions for the defence and security markets that was announced at our interim results has also progressed well. Amplifier Technology's solutions have enhanced the Vislink product range in the homeland security and defence markets, and the Group has provided the company with new markets and channels.

We remain on track to grow the business to achieve turnover of £80m and £8m adjusted operating profit by the end of FY2014, and we intend to support this by a number of bolt on acquisitions in addition to achieving organic growth. The Group remains confident that it is successfully executing its strategy to achieve this and deliver long term shareholder value.

- ENDS -

Contacts: Vislink plc
Ian Davies, Group Finance Director and Company Secretary	Tel: [phone]
Hudson Sandler
Charlie Jack/Katie Matthews	Tel: [phone]
N+1 Singer Advisory LLP
Shaun Dobson	Tel: [phone]

About Vislink plc

The Vislink Group is a global technology business specialising in the collection and delivery of high quality video and associated data from the field to the point of usage. Vislink provides solutions to the broadcast market for the collection of live news, sport and entertainment events and to the surveillance market including defence, law enforcement and public safety customers. With offices in the UK, USA, Australia, UAE, South Africa and Singapore, Vislink employs over 250 people worldwide. Our solutions include the design and manufacture of microwave radio, satellite transmission, cellular and wireless camera systems; our development and manufacturing operations are in the UK and the USA.

The Company is fully listed on the London Stock Exchange (LSE:VLK).

For further information, visit www.vislink.com.

 

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