AGM Trading Update
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26 September 2024 - SDI Group plc, the AIM quoted Group focused on the design and manufacture of products for use in the lab equipment, industrial & scientific sensors and the industrial & scientific products markets, provides an update on trading for the current financial year ("FY25") ahead of today's Annual General Meeting ("AGM").
The Company expects to deliver full year results in line with market expectations1. Profit and revenue delivery in FY25 will be weighted more towards H2 than in FY24 due to the current financial year starting slowly, reflecting conditions in certain customer markets. Cash flow has continued to be strong, with unaudited net debt reducing to £11.3m at the end of August 2024 (30 April 2024: £13.2m).
SDI remains focused on deploying its dual pronged growth strategy, namely supporting organic growth through initiatives within the portfolio businesses, alongside value-enhancing acquisitions to drive inorganic growth.
1Analysts from our Broker Cavendish Capital Markets Limited and from Progressive Equity Research regularly provide research on the Company, accessible from our website, and the Group considers the average of their forecasts to represent market expectations for FY25 being Sales of £69.0m and Adjusted Profit Before Tax of £8.35m.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
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