Judges Scientific PLC Trading Statement and Notice of Final Results (3177N)

TIDMJDG

RNS Number : 3177N

Judges Scientific PLC

17 January 2019

 
  Press Release    17 January 2019 
 

Judges Scientific plc (the "Group" or "Judges")

Trading Statement and Notice of Final Results

The Board of Judges Scientific plc, a group involved in the buy and build of scientific instrument businesses, updates shareholders and the market on the Group's trading performance for the financial year ended 31 December 2018.

The trading climate was favourable throughout the year and the momentum in demand accelerated in the second half, resulting in 6.2% growth in organic* order intake for the year as a whole. This leaves the Group at the year-end with a total order book equivalent to 14.2 weeks of budgeted sales (31 December 2017: 14.9 weeks).

The healthy commercial activity and the excellent exchange rates helped further drive sales, profits and cash generation; as a result, the Board anticipates that EPS for the full year ended 31 December 2018 will be slightly ahead of current market expectations as increased following the November 2018 trading update.

Notice of Results

Judges expects to announce its full year results for the year ended 31 December 2018 on 19 March 2019.

*Organic includes those businesses owned by the Group prior to 1 January 2017

For further information please contact:

 
   Judges Scientific 
   David Cicurel, CEO                       Tel: [phone] 
    Brad Ormsby, Group FD 
 
     Shore Capital (Nominated Adviser 
     & Broker) 
   Stephane Auton                           Tel: [phone] 
    Edward Mansfield 
 
     Media enquiries: 
     Alma PR (Financial Public Relations) 
   Rebecca Sanders-Hewett                   Tel: [phone] 
    Sam Modlin                               [e-mail] 
 

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group involved in the buy and build of scientific instrument businesses. The Group currently consists of 16 businesses acquired since it was re-admitted to AIM in 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, the scientific communities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the repayment of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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January 17, 2019 02:00 ET (07:00 GMT)