We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Scotty Grp | LSE:SCO | London | Ordinary Share | AT0000A0V6L3 | ORD EUR1 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMSCO
RNS Number : 0803U
Scotty Group SE
21 December 2012
21 December 2012
SCOTTY Group SE
("SCOTTY" or the "Group")
Trading Update
SCOTTY, the video telecommunications equipment and technology group with a focus on the government, defence and aviation markets, is providing the market with a further update on the Group's trading progress.
In our trading update on 7 September 2012, and our half year results to 30 June 2012 announced on 12 September 2012, we commented that negotiations with key customers were taking longer than expected, resulting in revenues being delayed compared with our expectations. Conversion of projects into firm orders is continuing to take longer than planned, owing to slippage in customers' programmes, including delays at short notice to the timing of some orders. As a result our revenues have experienced further slippage; we can report that turnover in the second half year will show an improvement compared with the first half, but the total for the financial year as a whole is expected to be between Euros 4.2 and 4.5 million, which is below management's expectations.
The Group's working capital remains adequate but tight; cash flow is currently benefitting from regular monthly shipments during the third and fourth quarter.
The Board has approved a cost reduction programme, both for the parent company, SCOTTY Group SE, and its Austrian operating subsidiary, SCOTTY Group Austria GmbH, aimed primarily at reducing personnel and administration costs by approximately Euros 0.4 million in 2013, whilst maintaining the Group's existing research and development capabilities.
A further update will be issued in due course.
Enquiries:
SCOTTY Group SE Kurt Kerschat, CEO +43 316 409 426 Nominated Adviser Cairn Financial Advisers LLP Tony Rawlinson / Avi Robinson +44 20 7148 7900 Broker Northland Capital Partners Limited John Howes +44 20 7796 8800
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTEAKAEALLAFFF
1 Year Scotty Group Chart |
1 Month Scotty Group Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
