Judges Scientific PLC Statement regarding COVID-19 (8242D)
February 24 2020 - 2:00AM
UK Regulatory
TIDMJDG
RNS Number : 8242D
Judges Scientific PLC
24 February 2020
24 February 2020
Judges Scientific plc
("Judges Scientific", "Judges", the "Company" or the
"Group")
Statement regarding COVID-19
The Board of Judges continues to closely monitor developments in
China and the potential effect of the COVID-19 epidemic on its
business.
With the current scale of the outbreak, and provided it does not
last more than three months and remains largely contained within
China, it is not expected that there will be a significant impact
to the Group's 2020 trading.
The Group operates with an average 3-month order book, so in the
near term the current travel restrictions are expected to only have
a temporary impact, deferring rather than reducing revenue.
Unaudited revenues for China/Hong Kong represented GBP9.5 million
in 2019.
In relation to Judges' supply chain, direct and indirect supply
from China varies from business to business in the Group, with only
one subsidiary having significant supply chain exposure. The Board
is monitoring developments closely and at this stage of the
outbreak, currently considers that supply chain disruptions will be
manageable.
The situation remains under active review by the Board.
Judges Scientific
David Cicurel, CEO Tel: +44 (0) 20 3829 6970
Brad Ormsby, Group FD
Shore Capital (Nominated Adviser
& Broker)
Stephane Auton Tel: +44 (0) 20 7408 4090
Edward Mansfield
Sarah Mather
Liberum (Joint Broker) Tel : +44 (0) 20 3100 2222
Bidhi Bhoma
Euan Brown
Media enquiries :
Alma PR (Financial Public Relations)
Rebecca Sanders-Hewett Tel: +44 (0) 20 3405 0205
Sam Modlin judges@almapr.co.uk
Notes to editors:
Judges Scientific plc (AIM: JDG), is a group involved in the buy
and build of scientific instrument businesses. The Group currently
consists of 17 businesses acquired since it was re-admitted to AIM
in 2005.
The acquired companies are primarily UK-based with products sold
worldwide to a diverse range of markets including: higher education
institutions, the scientific communities, manufacturers and
regulatory authorities. The UK is a recognised centre of excellence
for scientific instruments. The Group has received five Queen's
Awards for innovation and export.
The Group's companies predominantly operate in global niche
markets, with long term growth fundamentals and resilient
margins.
Judges Scientific maintains a policy of selectively acquiring
businesses that generate sustainable profits and cash. Shareholder
returns are created through the repayment of debt, organic growth
and dividends.
For further information, please visit www.judges.uk.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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