SDI Group PLC AGM Trading Update (5078M)

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RNS Number : 5078M

SDI Group PLC

22 September 2021

SDI Group plc

("SDI", the "Company", or the "Group")

AGM Trading Update

SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing control applications, is pleased to announce an update on trading for the current year.

The Group has made a good start to the new financial year, modestly above our initial forecasts, and the Board remains confident that results for the full year will be delivered at least in line with market expectations(1) .

(1) Analysts from our Broker finnCap Limited and from Progressive Equity Research regularly provide research on the Company, and the Group considers the average of their forecasts to represent market expectations for FY2021/2022 being Sales of GBP42.05m and Adjusted(2) Profit Before Tax of GBP8.85m

(2) Before share based payments and amortisation of acquired intangible assets

Enquiries

SDI Group plc 01223 727144

Ken Ford, Chairman

Mike Creedon, CEO

Jon Abell, CFO

finnCap Ltd 020 7220 0500

Ed Frisby/Kate Bannatyne/Milesh Hindocha - Corporate Finance

Andrew Burdis/Sunila de Silva - ECM

JW Communications 07818 430 877

Julia Wilson - Investor & Public Relations

About SDI Group plc:

SDI designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications including life sciences, healthcare, astronomy, manufacturing, precision optics and art conservation. SDI operates through its company divisions: Atik Cameras, Synoptics, Graticules Optics, Sentek, Astles Control Systems, Applied Thermal Control, MPB Industries, Chell Instruments, Monmouth Scientific and Uniform Engineering.

SDI continues to grow by developing its own technology advancements and by improving its global sales channels, as well as through pursuing strategic, complementary acquisitions. www.thesdigroup.net

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September 22, 2021 01:59 ET (05:59 GMT)