OMG PLC Trading Statement (0507V)
23 October 2014 - 5:00PM
UK Regulatory
TIDMOMG
RNS Number : 0507V
OMG PLC
23 October 2014
23 October 2014
OMG plc
("OMG" or the "Group")
Trading Update
OMG plc (AIM:OMG) the technology group providing image
understanding products for the entertainment, defence, life science
and engineering industries provides the following update on trading
for the financial year ended 30 September 2014.
During the second half, the Group's portfolio of businesses has
traded well. Its three most established businesses Vicon, Yotta and
2d3 were all profitable for the full year. Post period end the
Group disposed of its House of Moves subsidiary by way of a
management-led buyout.
Group revenue and adjusted profit (excluding House of Moves) are
expected to be in line with market forecasts with House of Moves
presented as a discontinued item for the full year.
On a divisional basis, our Vicon business is expected to report
a similar performance to last year. Yotta continues to benefit from
a strengthened recurring revenue stream from its Software as a
Service offerings and demonstrated strong growth in profitability.
2d3, our defence division has had a strong year with both revenue
and profit significantly up on the previous year. Our consumer
division, OMG Life continued to report a loss in the second half at
a level similar to the first half.
As previously announced, the Group is exploring opportunities to
realise value from IP within the Group and has made good progress
in several areas during the second half.
The cash balance for the year remained stable year on year at
GBP7.6m (FY13: GBP7.8m).
The Group is expected to announce Preliminary Results for the
financial year ended 30 September 2014 on Tuesday 9 December
2014.
For further information please contact:
OMG plc +44 (0) 1865 261800
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Emma Appleton / Charles Palmer / Harry Staight
N+1 Singer (NOMAD to OMG) +44 (0) 20 7496 3000
Shaun Dobson / Jen Boorer
Notes to Editors
About OMG plc
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of
technology companies producing image understanding products and
services for the entertainment, defence, life science and
engineering industries.
The Group's technology is used to capture the movements of
actors (for the movie industry), sportsmen (for video games or
improving team performance), children with cerebral palsy, rehab
patients and animals (for medical, life science and research
industries). The technology is also used for the management of
infrastructure assets or even for providing image intelligence and
situational awareness from drone aircraft. Through this diverse
offering the Group has earned its strong international reputation
for precision from pixels.
Founded in 1984, the Group is headquartered in Oxford, UK, and
has four offices in the US and two in the UK. It has customers in
over 50 countries and is a quoted company listed on AIM, a market
operated by the London Stock Exchange. The Group trades through
four operating subsidiaries: Vicon, the world's largest motion
capture and movement analysis company, 2d3, a manufacturer of
specialised image understanding software for defence applications,
Yotta, a provider of software and services for infrastructure asset
management and OMG Life, a new consumer subsidiary.
The Group's global clients spanning the worlds of science,
medicine, sport, engineering, gaming, film and broadcast include:
major hospitals and research facilities such as Guy's Hospital,
Nuffield Orthopaedic Centre and Loughborough University,
engineering industry leaders including: Ford Motor Company, BMW,
Airbus and Toyota, and in the entertainment sector; Sony,
Industrial Light and Magic, Sega, Nintendo, UbiSoft, EA and Square
Enix. In infrastructure asset management, clients include Highways
Agency, East Sussex, Kent, Lancashire, Transport for London, UK
Power Network, Cheshire East and West as well as many others.
For more information about OMG, visit www.omgplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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