Image Scan Holdings PLC Trading Update - Year End Deliveries (7095H)
22 August 2016 - 4:00PM
UK Regulatory
TIDMIGE
RNS Number : 7095H
Image Scan Holdings PLC
22 August 2016
22 August 2016
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
(AIM: IGE)
Trading Update - Year End Deliveries
Image Scan, the AIM-listed specialist supplier of X-ray
screening systems to the security and industrial inspection
markets, is pleased to provide a trading update for the year to
30(th) September 2016. This trading update follows on from the
development of the supply chain and manufacturing plans for the
large order for ThreatScan(R)-LS1 portable X-ray systems which was
previously announced on 30(th) June 2016. At that time the Company
made clear that it would only be able to comment on the potential
impact of this order on the performance for the current financial
year once the relevant supply chain and operational planning was
duly completed.
Accordingly, the Company anticipates to have recognized the sale
of approximately half this GBP800k order by the end of the
financial year and therefore now expects to materially exceed
current market expectations.
Bill Mawer, Chairman and CEO of Image Scan, said: "For a Company
the size of Image Scan, large orders can present their own
challenges. However excellent progress has been made with the
planning for the recent orders and we have the commitments from our
supply chain. I am delighted that as a consequence Image Scan will
now approach EBIT break even in the current financial year".
The Company will issue a pre-close trading update in October
ahead of its results for the year ended September 2016.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
ir@ish.co.uk
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / David Foreman / Michael Reynolds (Corporate
Finance)
David Banks / Alex Pollen (Sales)
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development
and commercialisation of market leading real-time X-ray solutions
for use in the global Security and Industrial inspection markets.
The Company's Security portfolio includes the ThreatScan(R) range
of portable bomb and suspect package detection systems; the Axis
range of baggage inspection systems; and SVXi, a small vehicle
inspection system. The Industrial inspection solutions include the
MDXi product range, cabinet X-ray systems for laboratories and
production lines. The Company was founded in 1996 and joined AIM in
2002.
For further information on the Company, please visit:
www.ish.co.uk - and for further information on its products, please
visit: www.3dx-ray.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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