SDX Sdx Energy Plc

RNS Number:8054S
Sondex PLC
13 March 2007

Sondex plc

("Sondex" or the "Company")



Trading Update
Revenues expected to increase by over 30%



Sondex, a leading oilfield technology supplier, today provides an update prior
to entering into close period for the company's results for the year ended 28
February 2007.



Trading Update



The last year has seen a continued strong global oil and gas services market.
Sondex anticipates reporting revenues up in excess of 30% and operating profit
before amortisation of acquired intangible assets and exceptional costs up by
over 40% compared with the year ended 28 February 2006.



Particularly strong results are anticipated from the Drilling division which is
expected to report organic revenue growth of around 35%.  Significant
contributions were also seen from both Russia and China where the Company has
experienced record order intake.



Adjusted earnings per share are anticipated to be some 10% above market
consensus (range of forecasts is 15.0p to 16.9p). The result would still be at
the top end of the range if the one off cost of #1.5 million due to the aborted
acquisition of Innicor Subsurface Technologies Inc were deducted.



Bluestar Tools which was acquired in July 2006 has contributed strongly. The
integration programme is progressing well and it is anticipated that this
business will meet its earn-out expectations.  The business now trades as Sondex
Drilling Tools Inc. and the products manufactured by this company are being
marketed by the Group's global network of sales offices.



The Ultima Labs acquisition completed in October 2006 is performing in line with
expectations.  The integration of their products into the broader range already
sold by the Group is well underway.



No acquisitions are anticipated in the near future, however the Company's
strategy of adding on technologies and, when appropriate, new related product
lines remains unchanged.



Results for the year ended 28 February are expected to be announced on the 15th
May 2007.





Martin Perry, Chief Executive, commented:



"Our two divisions and the recent acquisitions have performed strongly in the
past year with good margins continuing to be achieved.



"We are pleased with the achievements across the Company and especially the
contribution from Russia and China, having received good orders from a number of
new and existing customers. We start this new year with a great deal of
confidence."



                                                                 13th March 2007




ENQUIRIES:


Sondex                                         Tel: 01252 862 200
Martin Perry (Chief Executive)
Chris Wilks (Finance Director)

College Hill                                   Tel:  020 7457 2020
Nick Elwes







                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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