SDI Group
plc
("SDI", the "Company", or the
"Group")
AGM Trading
Update
26 September 2024 -
SDI Group
plc, the AIM quoted Group
focused on the design and manufacture of products for use in the
lab equipment, industrial & scientific sensors and the
industrial & scientific products markets, provides an update on
trading for the current financial year ("FY25") ahead of today's
Annual General Meeting ("AGM").
The Company expects to deliver full
year results in line with market expectations1. Profit
and revenue delivery in FY25 will be weighted more towards H2 than
in FY24 due to the current financial year starting slowly,
reflecting conditions in certain customer markets. Cash flow has
continued to be strong, with unaudited net debt reducing to £11.3m
at the end of August 2024 (30 April 2024: £13.2m).
SDI remains focused on deploying its
dual pronged growth strategy, namely supporting organic growth
through initiatives within the portfolio businesses, alongside
value-enhancing acquisitions to drive inorganic growth.
1Analysts from our Broker
Cavendish Capital Markets Limited and from Progressive Equity
Research regularly provide research on the Company, accessible from
our website, and the Group considers the average of their forecasts
to represent market expectations for FY25 being Sales of
£69.0m and Adjusted Profit Before Tax of £8.35m.
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Enquiries:
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SDI
Group plc
Stephen Brown, Chief Executive
Officer
Amitabh Sharma, Chief Financial
Officer
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+44
(0)1223 727144
www.sdigroup.com
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Cavendish Capital Markets Ltd (NOMAD &
broker)
Ed Frisby / Seamus Fricker -
Corporate Finance
Andrew Burdis / Sunila de Silva -
ECM
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+44
(0)20 7220 0500
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Vigo Consulting (Financial Communications)
Tim McCall / Rozi Morris / Fiona
Hetherington
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+44
(0)20 7390 0230
SDIGroup@vigoconsulting.com
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About SDI Group plc:
SDl Group plc, specialises in the
acquisition and development of companies that design and
manufacture products for use in the lab equipment, industrial &
scientific sensors and the industrial & scientific products
markets. SDI's current portfolio of 14 companies target markets
including life sciences, healthcare,
astronomy, plastics and packaging, manufacturing, precision optics,
measurement instrumentation and art conservation.
SDI's growth strategy is twofold: 1)
through the enhancement of its portfolio companies (organic growth)
and, 2) through the identification and acquisition of
complementary, niche technology businesses with established
reputations in global markets (inorganic growth).
For more information, please
see: www.SDIGroup.com
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the Market Abuse Regulations (EU No. 596/2014)
which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.