03:00 Fri 14 Sep 2018
Image Scan Holdings - Trading Update
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain
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Trading update
The strong sales of the Company's industrial X-ray inspection systems reported in the first half have continued into the second. We expect the number of units sold for the full year to hit a record, the two largest industrial customers both procuring new units for deployment into their global catalytic converter manufacturing operations. Valuable support contracts will be put in place for all the new units.
Sales of portable X-ray systems to security and counter terrorism forces have been slower than hoped for in the second half, though orders for delivery in FY2018 are still being received. There is no evidence that this decline in orders reflects anything other than changing Government budget schedules and the typically "lumpy" order intake that has been a characteristic of the business from time to time. Interest in the range of systems remains high and the volume of quotations made to customers is strong.
The Company is trying to finalise several orders before the year end and total sales are expected to be between
With lower expected revenues for the year coupled with the exceptional costs associated with the aborted fundraise and acquisition of
The Company will provide a pre-close statement on its results for the year to
-ENDS-
For further information, please contact:
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / Will Goode (Corporate Finance)
Caspar Shand Kydd (Sales)
About
For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com
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