Vislink PLC
17 January 2007
Vislink plc
2006 year end trading update
Wednesday 17th January 2007
The Group has had another record year with profits in line with expectations for
the year ended 31 December 2006.
Sales increased by 17.5% to £100 million compared with £85.1million for 2005.
Orders received were ahead of last year at £97 million (2005 - £95.5 million)
and the order book remains strong at £34 million.
The Group expects its adjusted operating profit for the year, being operating
profit before the amortisation of acquired intangibles, to be not less than
£13.5 million, compared with £8.35 million for 2005.
The domestic market has been particularly strong for MRC, our US business, as a
result of the significant volume of business derived from the 2GHz
re-channelisation programme. Our UK business continues to benefit from sales
into the US through MRC and the increasing demand for Link Research's new High
Definition products as well as the good recovery in sales and profitability of
Advent, the satellite communications business.
Hernis, the Norwegian specialist marine safety and security business, has had
another record year for sales and orders, winning significant orders from both
marine and offshore oil and gas projects.
In summary, trading has been strong across the Group, with record sales and
profits from each of the US, UK and Norwegian businesses. The Board looks
forward to 2007 with enthusiasm and confidence.
- ENDS-
Vislink plc is a leading supplier of microwave radio and satellite transmission
products for the broadcast and security markets and of CCTV systems for the
marine security market. The Group's website is www.vislink.com
The Group expects to announce its 2006 Preliminary results on 28th March 2007.
For further information on Wednesday 17th January 2007, please contact:
Ian Scott-Gall 01488 685500
Chief Executive, Vislink plc
James Trumper 01488 685500
Group Finance Director, Vislink plc
This information is provided by RNS
The company news service from the London Stock Exchange
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