Trading Update
FY 2024 profit expected materially ahead of expectations; order book grew to £37.8m.
vs expectations: ahead
- Order book £37.8m (prior £29.2m)
- Cash £9.6m (prior £4.6m)
- Expected adjusted PBT vs market above £3.9m
- Expected revenue vs market above £55.4m
- Undrawn bank facilities £3.0m
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FY 2024 profit expected to be materially ahead of expectations; order book growth underpins confidence in FY 2025
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides an update on trading for the year ended 30 November 2024 ("FY 2024").
The Company expects profit before tax for FY 2024 to be materially ahead of market expectations*, reflecting continued momentum in the second half of the year across all of its market verticals.
The Company ended FY 2024 with a strong order book, totalling approximately £37.8 million (31 May 2024: £30.2 million; 30 November 2023: £29.2 million), underpinning the Board's confidence for the year ending 30 November 2025.
Cash at 30 November 2024 was £9.6 million (31 May 2024: £6.4 million; 30 November 2023: £4.6 million), with undrawn bank facilities of £3.0 million.
Synectics expects to announce its audited results for FY 2024 in early March 2025.
*Prior to this announcement, FY 2024 market expectations were revenue of £55.4m and adjusted PBT of £3.9m.
Find out more at www.synecticsplc.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.