Image Scan Holdings PLC Trading Update (0481P)
29 August 2017 - 4:01PM
UK Regulatory
TIDMIGE
RNS Number : 0481P
Image Scan Holdings PLC
29 August 2017
29 August 2017
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
This announcement contains inside information
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
(AIM: IGE)
Trading Update
Image Scan refines year end guidance
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 2017. This trading update is based on the development of
supply chain and manufacturing plans following the rapid growth in
order intake across a broad range of the Company's products, which
that was announced on 17 July 2017.
Based on its current plans the Company anticipates that sales
for the year to 30 September 2017 will be approximately GBP4.5m and
that profit before tax will be approximately GBP250k. Year-end
sales at this level would leave the company with an orderbook in
excess of GBP2m at the start of FY 2018.
Bill Mawer, Chairman and CEO of Image Scan, said: "I have been
delighted by the response of our staff and our supply chain
partners to the rapid increase in our order book. The manufacturing
facility in Loughborough is busier than at any time since I joined
the business.
While we still have some work to do to finalise delivery
schedules with our customers, I am confident we should achieve at
least this level of performance and will start the new year with a
very healthy order book."
The Company will issue a pre-close trading update in October
ahead of its results for the year ended 30 September 2017.
-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 (Corporate Finance)
Alex Pollen/Mark Westcott (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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