Image Scan reports 'rapid growth' in orders

Image Scan Holdings

2.55p

12:35 24/12/24

-1.92%

-0.05p

Specialist supplier of x-ray screening systems Image Scan updated the market on its trading on Tuesday, as it descended towards its year-end on 30 September.

Electronic & Electrical Equipment

10,090.79

12:54 24/12/24

0.50%

50.10

The AIM-traded firm said the trading update was based on the development of supply chain and manufacturing plans, following the rapid growth in order intake across a “broad range” of the company's products as announced on 17 July.

Based on its current plans, the company said it anticipated that sales for the year would be approximately £4.5m and that profit before tax would be approximately £250k.

Year-end sales at that level would leave the company with an order book in excess of £2m at the start of FY 2018.

“I have been delighted by the response of our staff and our supply chain partners to the rapid increase in our order book,” said chairman and CEO Bill Mawer.

“The manufacturing facility in Loughborough is busier than at any time since I joined the business.

“While we still have some work to do to finalise delivery schedules with our customers, I am confident we should achieve at least this level of performance and will start the new year with a very healthy order book.”