Oxford Metrics PLC Trading Update (2650E)

TIDMOMG

RNS Number : 2650E

Oxford Metrics PLC

17 October 2018

17 October 2018

Oxford Metrics plc

("Oxford Metrics" or the "Company")

Trading Update

Oxford Metrics plc (LSE: OMG) the international software company servicing government, life sciences, entertainment and engineering markets, provides the following update on trading for the financial year ended 30 September 2018.

The Company enjoyed a successful close to the financial year and expects to report group revenues and adjusted PBT in line with current market expectations.

The Company has made good progress during the second year of its five-year growth plan and remains on track for its targets to double profits and triple recurring revenue by 2021. The trends reported for the first half of FY18 have continued, with a strong trading performance at Vicon and with Yotta building traction in its marketplace following a period of investment.

The cash balance for the year closed at GBP12.2m (FY17: GBP9.8m*) after the payment of a final dividend totalling GBP1.5m in March 2018.

The Group expects to announce Preliminary Results for the financial year ended 30 September 2018 on Tuesday, 4 December 2018.

*on a like for like basis

For further information please contact:

 
Oxford Metrics plc                           [phone] 
Nick Bolton, CEO 
David Deacon, CFO 
 
                                             [phone] 
FTI Consulting                                1000 
Matt Dixon / Harry Staight / Jamille Smith 
 
                                             [phone] 
N+1 Singer (NOMAD to Oxford Metrics)          3000 
Shaun Dobson / Jen Boorer 
 

About Oxford Metrics

Oxford Metrics develops and markets analytics software for motion measurement and infrastructure asset management to clients in over 70 countries worldwide. Our list of clients across the globe is as diverse as the markets we operate in; we help highways authorities manage and maintain their road networks, hospitals and clinicians decide therapeutic strategies and Hollywood studios create stunning visual effects. And the diversity of applications is growing all the time.

The group trades through two subsidiaries: Vicon and Yotta. Vicon is the world's leader in high precision motion measurement analysis to thousands of customers worldwide, including Guy's Hospital, EA Sports, MIT and NASA and our software is used in an ever expanding range of applications. Yotta provides cloud-based infrastructure asset management software to central and local government agencies and other infrastructure owners. Yotta has a large number of high profile clients including Highways England and Amey in the UK and VicRoads in Australia amongst others.

Founded in 1984 our group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado and Singapore. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.

For more information about Oxford Metrics, visit www.oxfordmetrics.com

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October 17, 2018 02:00 ET (06:00 GMT)