7th Oct 2021 21:58
Thruvision Group PLC - Oxford, England-based people security screening devices - For six months to September 30, revenue is expected to be GBP2.0 million, down from GBP4.7 million last year. Explains the reduction reflects the fact that last year's comparative included an order of GBP3.0 million from US Customs & Border Protection. Also says it expects October sales to exceed those of the entire first half as customers prepare for the Christmas period. The period under review did not benefit from a similar order, although it is in ongoing discussions with CBP about potential orders for the second half, it adds.
"Looking forward, we expect to maintain our strong growth rate in Profit Protection across the UK, US and Europe. We also expect to make material progress in expanding our remit with CBP and, in the medium term, win business with further Customs agencies globally. Subject to continued positive progress with TSA, we still see clear longer-term opportunities for our technology in the Aviation sector," it says.
Current stock price: 18.88p
Year-to-date change: down 18%
By Arvind Bhunjun; [email protected]
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