Quixant PLC Trading Update and Notice of Results (3278G)
July 23 2019 - 2:00AM
UK Regulatory
TIDMQXT
RNS Number : 3278G
Quixant PLC
23 July 2019
The information communicated in this announcement contains
inside information for the purposes of Article 7 of Regulation
596/2014.
23 July 2019
Quixant plc
("Quixant" or the "Company")
Trading Update and Notice of Results
Quixant (AIM: QXT), a leading provider of innovative, highly
engineered technology products principally for the global gaming
industry, is pleased to provide an update on trading for the six
months ended 30 June 2019.
Revenue and profit before tax are in line with management
expectations for the first half and the guidance given in March. A
growing order book during H1 positions us well to deliver a strong
second half to the year. Gross margin in the first half remained
robust.
Jon Jayal, Quixant CEO, said:
"H1 2019 was completed as we expected and reported in March,
with the lower than anticipated consumption of some major customers
improving as we enter the second half. As a result, full year
results will be a little more second half weighted than in previous
years, as previously guided. We have continued to convert new
business opportunities to orders which positions us well for long
term growth."
The Company's interim results for the six months ended 30 June
2019 are expected to be announced on 24 September 2019.
For further information please contact:
Quixant plc Tel: +44 (0) 1223 892696
Jon Jayal (Chief Executive Officer)
Guy Millward (Chief Financial Officer)
Nominated Adviser and Broker:
finnCap Ltd Tel: +44 (0) 20 7220 0500
Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane (Corporate Broking)
Financial PR: Tel: +44 (0) 20 3405 0205
Alma PR
John Coles
Hilary Buchanan
Susie Hudson
About Quixant
Quixant, founded in 2005, designs and manufactures highly
optimised computing solutions and monitors principally for the
global gaming industry. The Company is headquartered in Cambridge
in the UK where the global sales function is based. North America
sales and sales support is run from their subsidiary in Las Vegas.
Quixant has its own manufacturing and engineering operation based
in Taiwan and software engineering and customer support team based
in Italy.
In November 2015 Quixant acquired Densitron Technologies plc.
Densitron has a strong heritage in the sale of electronic display
solutions to global industrial markets. Through Densitron's
experienced sales team, Quixant has a robust platform to build its
business into wider industrial markets. In-depth information on the
Company's products, markets, activities and history can be found on
the corporate website at www.quixant.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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