LifeSafe upbeat on much stronger start to year

Fire safety technology specialist LifeSafe reported robust sales growth in the first five months of the year in an update on Monday.

The AIM-traded firm, which was holding its annual general meeting, said revenue reached around £2.5m, surpassing both the previous year's performance and internal budget projections for 2023.

“Although forecasts for the year prudently remain unchanged at this stage, the board is becoming increasingly confident that the current outperformance of sales augurs well for trading in the second half of the year, with the expected benefits of seasonality together with the launch of LifeSafe's new StaySafe all-in-one fire extinguisher in the North American and European markets,” said chair Dominic Berger.

Reporting by Josh White for Sharecast.com.