Image Scan Holdings PLC Trading Update (6518S)
04 October 2017 - 5:00PM
UK Regulatory
TIDMIGE
RNS Number : 6518S
Image Scan Holdings PLC
04 October 2017
4 October 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
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
Trading Update
Image Scan (AIM:IGE), the specialist supplier of X-ray screening
systems to the security and industrial inspection markets is
pleased to provide a further positive trading update for the year
to 30 September 2017 ("FY17"). This follows the previous update
issued on 29 August which pointed to sales of approximately GBP4.5m
and profit before tax of GBP250k.
A multi-unit portable X-ray order was placed earlier than
expected and the Company accelerated the completion of units
intended for delivery later in the year for another customer to
satisfy this new order. Also, factory acceptance on two industrial
x-ray inspection machines was completed earlier than expected. The
combined effect of these changes means that the Company generated
sales of approximately GBP5.0m and subject to any audit
adjustments, expects to report profit before tax of approximately
GBP450k in FY17. The order book at 30 September 2017 was GBP2.1m.
Delivery times on some orders are still subject to negotiation and
could exceed 12 months in some cases.
Bill Mawer, Chairman and CEO of Image Scan, said: "September has
been an exceptionally busy month for the Company and the response
of our staff to new opportunities has been very impressive. I am
also particularly pleased by the strength of the orderbook with
which we start the new financial year. Demand for our new systems
remains strong."
The Company will issue a more detailed pre-close trading update
at the end of October ahead of its preliminary results for
FY17.
-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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