SCISYS PLC Trading Update and Notice of Interim Results (1727Z)

TIDMSSY

RNS Number : 1727Z

SCISYS PLC

30 August 2018

SCISYS PLC

(SSY: AIM)

Trading Update and Notice of Interim Results

SCISYS PLC ("SCISYS" or the "Group"), the supplier of bespoke software systems, IT-based solutions and support services to the Media & Broadcast, Space, Government, Defence and Commercial sectors will announce its interim results for the half year to 30 June 2018 on Thursday 20 September 2018.

The Directors are confident that SCISYS will deliver year-on-year progress in 2018, with the two halves of the year more evenly balanced than in 2017 where the second half was considerably stronger than the first half. Consequently, the interim results will show a marked improvement on those for 2017.

Cash generation continues to be strong. Net debt reduced from the 2017 closing position of GBP5.9m to GBP3.3m by 30 June 2018, reflecting the positive first half-year trading performance.

The Group's order book remains at historic high levels of around GBP100m and the Directors see potential contract wins in the pipeline that can further strengthen this position in the coming months.

In the light of these favourable indicators at the half-year, the Directors view the outlook for the remainder of 2018 and beyond with confidence.

For further information please contact:

 
 SCISYS PLC                                       [phone] 
     Mike Love               Chairman 
                            -------------------  -------------------------- 
     Klaus Heidrich          Chief Executive 
                              Officer 
                            -------------------  -------------------------- 
     Chris Cheetham          Finance Director 
                            -------------------  -------------------------- 
 finnCap (NOMAD & Broker)                         [phone] 
                                                 -------------------------- 
     Julian Blunt            Corporate Finance 
                            -------------------  -------------------------- 
 Walbrook PR                                      [phone] 
                                                 -------------------------- 
     Tom Cooper/Paul Vann                         [phone] 
                                                 -------------------------- 
                                                  [e-mail] 
 ----------------------------------------------  -------------------------- 
 

About SCISYS:

Employing around 580 staff, SCISYS group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, Pets at Home, Siemens and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.

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August 30, 2018 02:00 ET (06:00 GMT)