SDI Group expects revenues and profits ahead of guidance after recent 'robust' trading
SDI Group
57.50p
16:55 23/09/24
Scientific and technology products manufacturer SDI Group said on Wednesday that March and April sales and order intake had been "robust" across all of its businesses.
Electronic & Electrical Equipment
9,994.47
16:49 23/09/24
FTSE AIM All-Share
744.32
17:04 23/09/24
SDI said subject to any audit adjustments, it now expects to report revenues of approximately £35.3m and an adjusted pre-tax profit of roughly £7.4m, both of which were higher than guidance provided in the group's February trading update.
However, despite the AIM-listed group stating its recent performance evidenced a "further and welcome return towards normality" in its served markets, it chose not to change expectations for the current financial year ending 30 April 2022.
Chairman Ken Ford said: "This further increase in performance in a challenging year underlines the strength of the SDI operating model and the dedication of our staff."
As of 0955 BST, SDI shares were down 1.67% at 177.0p.