Trading Statement

RNS Number : 2367Q
Scientific Digital Imaging Plc
07 April 2009
 



7 April 2009



SCIENTIFIC DIGITAL IMAGING PLC


('SDI' or 'the Company')


Trading Update


The Board of Scientific Digital Imaging plc ('SDI' or 'the Company'), the digital imaging company, is pleased to provide an update on trading ahead of its financial year-end of 30 April 2009.


The Board is delighted to report that performance has remained solid during the second half of the financial year and has recently strengthened to the point that both revenue and profit for the full year are likely to exceed market expectations.   The businesses of the Group operate with short order backlogs which give rise to uncertainty, although it now seems likely that over the full year revenue and trading profits will be ahead.


Performance of the Company's primary subsidiary, Synoptics, remained good with particular progress in the United States.  The amateur astronomy market served by the Artemis and Perseu subsidiaries, however, appears to have suffered more from the economic downturn as the result of a decrease in consumer discretionary spending.


The devaluation of Sterling has had a positive impact on the Company's results during the year; however foreign exchange movements are unlikely to have a significant impact on the Group's performance in the coming year.


Despite these encouraging results, the Board remains cautious about the immediate future due to the uncertain economic climate.  Whilst the Board attempts to take every available precaution, there remains a possibility that research and science spending could decrease or adverse currency rate fluctuations could have a negative effect.


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FOR FURTHER INFORMATION


Scientific Digital Imaging plc                        01223 727144

Harry Tee CBE, Chairman

Phil Atkin, CEO

www.scientificdigitalimaging.com 


Grant Thornton                                            020 7383 5100

UK LLP

Philip Secrett

Colin Aaronson


Dowgate Capital Stockbrokers                       01293 517744

Neil Badger


Bishopsgate Communications                        020 7562 3350

Maxine Barnes
Will Tindall

sdi@bishopsgatecommunications.com 




This information is provided by RNS
The company news service from the London Stock Exchange
 
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