SCISYS PLC Trading Update and Notice of Interim Results (1727Z)
August 30 2018 - 2:00AM
UK Regulatory
TIDMSSY
RNS Number : 1727Z
SCISYS PLC
30 August 2018
SCISYS PLC
(SSY: AIM)
Trading Update and Notice of Interim Results
SCISYS PLC ("SCISYS" or the "Group"), the supplier of bespoke
software systems, IT-based solutions and support services to the
Media & Broadcast, Space, Government, Defence and Commercial
sectors will announce its interim results for the half year to 30
June 2018 on Thursday 20 September 2018.
The Directors are confident that SCISYS will deliver
year-on-year progress in 2018, with the two halves of the year more
evenly balanced than in 2017 where the second half was considerably
stronger than the first half. Consequently, the interim results
will show a marked improvement on those for 2017.
Cash generation continues to be strong. Net debt reduced from
the 2017 closing position of GBP5.9m to GBP3.3m by 30 June 2018,
reflecting the positive first half-year trading performance.
The Group's order book remains at historic high levels of around
GBP100m and the Directors see potential contract wins in the
pipeline that can further strengthen this position in the coming
months.
In the light of these favourable indicators at the half-year,
the Directors view the outlook for the remainder of 2018 and beyond
with confidence.
For further information please contact:
SCISYS PLC +44 (0)1249 466 466
Mike Love Chairman
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Klaus Heidrich Chief Executive
Officer
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Chris Cheetham Finance Director
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finnCap (NOMAD & Broker) +44 (0)20 7220 0500
--------------------------
Julian Blunt Corporate Finance
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Walbrook PR +44 (0)20 7933 8780
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Tom Cooper/Paul Vann +44 (0)797 122 1972
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tom.cooper@walbrookpr.com
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About SCISYS:
Employing around 580 staff, SCISYS group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom solutions and
advanced technology solutions. The Company operates in a broad
spectrum of market sectors, including Media & Broadcast, Space,
Government and Defence and Commercial sectors. SCISYS clients are
predominantly blue-chip and public-sector organisations. Customers
include the Environment Agency, the Ministry of Defence, Airbus
Defence & Space, Arqiva, Vodafone, the European Space Agency,
Eumetsat, the BBC, RNLI, Pets at Home, Siemens and the National
Trust. The Company has UK offices in Chippenham, Bristol, Leicester
and Reading and German offices in Bochum, Dortmund, Darmstadt and
Munich. More information is available at www.scisys.co.uk.
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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