Trading Update

RNS Number : 1837L

Digital Barriers plc

24 April 2015

 

24 April 2015

Digital Barriers plc

("Digital Barriers")

Trading Update

The Board of Directors (the "Board") of Digital Barriers (AIM: DGB) (the "Group"), the specialist provider of advanced surveillance technologies to the security and defence sectors, reconfirms its view of trading for the financial year ended 31 March 2015.

Trading

Group trading performance has evolved in line with the guidance given on 26 February 2015.  The Group continues to expect to report revenues for the year ended 31 March 2015 that are modestly ahead of the prior year (FY14: £19.0m) and expects losses for the year to show a year-on-year improvement (FY14: Adjusted loss before tax* £12.0M).

Cash at the year-end was ahead of February expectations at £8.7m.

All figures are subject to audit.

* As shown in the Consolidated Income Statement

For further information, please contact:
Digital Barriers plc	Tel: [phone]
Zak Doffman, Chief Executive Officer
Sharon Cooper, Finance Director
Investec Investment Banking	Tel: [phone]
Andrew Pinder / Dominic Emery
FTI Consulting	Tel: [phone]
Edward Bridges/ Matt Dixon/ Rob Mindell

Ends

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.

www.digitalbarriers.com

 

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