Trading Update and Notice of Final Results

RNS Number : 4579G

Vislink PLC

04 March 2015

 



 4 March 2015

Vislink plc

Trading Update and Notice of Final Results

Vislink plc ("Vislink" or the "Group"), the global technology business specialising in automation software and high performance wireless communications products and services for the broadcast, defence and surveillance and public safety markets, today issues an update in respect of its Final Results for the year ended 31 December 2014.

Key Highlights:

·	The Board anticipates adjusted* operating profit for 2014 to be ahead of market expectations driven by better than anticipated operating profit from the Group's higher margin software business.
·	As the proportion of the Group's business coming from software has become more significant, the revenue needed to achieve its targets is changing as it achieves higher margin sales. Revenue for the full year ended 31 December 2014 is expected to be approximately £62m.
·	Trading for the current year has started in line with market expectations.

* Adjusted to exclude the amortisation and impairment of goodwill and acquired intangibles, and other non-recurring costs.

Commenting on the announcement, John Hawkins, Executive Chairman, Vislink plc said:

"I am pleased with the Group's profit performance for 2014, which is ahead of market expectations following a better than anticipated end to the year. Trading in 2015 continues to be in line with market expectations."

Notice of Results

Vislink will announce its Final Results for the year ended 31 December 2014 on Tuesday 24 March 2015. There will be a meeting for analysts at 9.30am at the offices of Hudson Sandler, 29 Cloth Fair, London EC1A 7NN on that day.

Enquiries:
Vislink plc: John Hawkins, Executive Chairman	[phone]
Vislink plc: Ian Davies, Finance Director	[phone]
N+1 Singer: Shaun Dobson / Alex Wright	[phone]
Hudson Sandler: Charlie Jack / Katie Matthews	[phone]

About Vislink plc

Vislink plc is a leading global technology business specialising in the collection, delivery and management of high quality, live video and associated data 'from scene to screen'.

For the broadcast markets, Vislink provides solutions for the collection of live news, sport and entertainment events as well as automation, Channel-in-a-box and content management software solutions.  For the surveillance and defense markets, Vislink provides solutions for law enforcement and public safety organisations.

We employ over 300 people worldwide with offices in the UK, USA, UAE, and Singapore and manufacturing operations in the UK and the USA. Vislink has net assets of over £50 million and continuously invests in innovation.

The Company is listed on the AIM Market of the London Stock Exchange.  For further information, visit www.vislink.com.

 

END

 

 

TSTSSEFUDFISEFD