OMG PLC
29 September 2005
29 September 2005
OMG plc ('OMG' or 'the Group')
Pre-close trading update and major contract win
OMG, the leading supplier of motion capture and visual geometry systems for life
sciences, entertainment and engineering applications, today announced the
following trading update for the year ended 30 September 2005.
Trading in the second half of the year has improved significantly. In
particular, the US has staged a strong recovery helped by an unusually large
order from one of the leading studios in the film industry.
This recent order represents the largest single sale in OMG's history and will
generate revenues in excess of $3million. The majority of these revenues will be
recognised in the current financial year. The system supplied is based on OMG's
premium MX 40 camera which was launched last year.
As a result of the improvement in trading in the second half of the current
year, management anticipates closing the year with revenues ahead of the current
market expectations, with profitability either meeting or exceeding the current
market expectations.
Nick Bolton, Chief Executive commented:
'This recent order highlights OMG's leading position in the provision of high
performance large scale motion capture systems in the entertainment sector.
While this large order will be one of the highlights of the current financial
year, other areas such as biomechanical research and the addition of our video
based motion capture capability have generated significant interest during the
second half of the financial year'.
For further information please contact:
Nick Bolton, Chief Executive, nick.bolton@omg3d.com
Peter Wharton, Finance Director, peter.wharton@omg3d.com
Tel: 01865 261800
Tim Thompson
Buchanan Communications
Tel: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.