SDI revenue and profit ahead of targets
Scientific Digital Imaging plc in Cambridge expects full-year revenues and both adjusted and reported pre-tax profit to be moderately ahead of previous expectations for the year to April 30.
In addition, adjusted and reported profit after tax is expected to benefit from a reduced group tax charge which includes increased R & D tax credits accrued for both FY18 and FY17.
Chairman Ken Ford unveiled the good news to shareholders in an update from the AIM-quoted group.
SDI focuses on the design and manufacture of scientific and technology products for use by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets.
The group expects to report significant revenue growth against FY17, reflecting both organic growth, and the acquisition of Astles Control Systems in H2 FY17, Applied Thermal Control in H1 FY18, and a contribution from the smaller Quantum Scientific Imaging acquisition in H2 FY18.
Sentek's single-use electrodes and Atik Camera's new products for astronomy and life science applications have been key to delivering the organic sales growth.
Group gross margin is expected to be ahead of FY17 mainly due to the inclusion of a one-off retrospective licensing payment for the sale of Auto-Montage imaging software in Synoptics' H1 FY18 sales, as previously disclosed in the interim results.
Ford said: “SDI is benefiting from its acquisitions as well as from the improvements management continue to make across the whole group. We look forward to further growth in the new financial year.”
The final results for the year will be released in July.
• PHOTOGRAPH SHOWS: Ken Ford