Synectics plc
("Synectics" or the
"Company")
Trading Update
FY 2024 profit expected to be
materially ahead of expectations; order book growth underpins
confidence in FY 2025
Synectics plc (AIM: SNX), a leader in advanced
security and surveillance systems, provides an update on trading
for the year ended 30 November 2024 ("FY 2024").
The Company expects profit before tax for FY
2024 to be materially ahead of market expectations*, reflecting
continued momentum in the second half of the year across all of its
market verticals.
The Company ended FY 2024 with a strong order
book, totalling approximately £37.8 million (31 May 2024: £30.2
million; 30 November 2023: £29.2 million), underpinning the Board's
confidence for the year ending 30 November 2025.
Cash at 30 November 2024 was £9.6 million (31
May 2024: £6.4 million; 30 November 2023: £4.6 million), with
undrawn bank facilities of £3.0 million.
Synectics expects to announce its audited
results for FY 2024 in early March 2025.
*Prior to
this announcement, FY 2024 market expectations were revenue of
£55.4m and adjusted PBT of £3.9m.
For
further information, please contact:
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Synectics plc
Amanda Larnder, Chief Executive
Officer and Chief Financial Officer
Claire Stewart, Company
Secretary
email: info@synecticsplc.com
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Tel: +44
(0) 114 280 2828
www.synecticsplc.com
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Shore Capital
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Tel: +44
(0) 20 7408 4090
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Corporate Advisory -
Tom Griffiths / David Coaten / Rachel Goldstein
Corporate Broking - Fiona Conroy
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Vigo
Consulting
Jeremy Garcia / Fiona Hetherington / Peter
Jacob
synectics@vigoconsulting.com
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Tel: +44 (0) 20 7390
0230
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About Synectics plc
Synectics (AIM: SNX) is a leader in advanced
security and surveillance systems that help protect people,
property, communities, and assets around the world.
The Company's expertise is in providing
solutions for specific markets where security and surveillance are
critical to operations. These include gaming, oil and gas, public
space, transport, and critical infrastructure.
Synectics has deep industry experience in these
markets and works closely with customers to deliver solutions that
are tailored to meet their needs. Technical excellence, combined
with decades of experience and long-standing customer
relationships, provides fundamental differentiation from mainstream
suppliers and makes the Company a stand-out in its
field.
Find out more at
www.synecticsplc.com