14th May 2014 10:59
LONDON (Alliance News) - Servelec Group PLC said Wednesday that it had traded in line with market expectations across both its Healthcare and Automation divisions in the quarter to end-March.
In a statement, the technology company reported "healthy" trading in its healthcare business during the quarter, having won several projects across the UK. It continued to invest in its products, and saw positive signs on the early adoption of its RiO v7 software.
Orders in the healthcare business were in line with expectations, and it was confident that the business would continue its positive momentum.
Its Automation business also traded in line with expectations, although there was a slight delay with a number of large oil and gas and power projects it is involved in. It expects orders on these projects to come through in the year.
This was offset by contract wins in consultancy, and a strong performance from the company's Servelec Technologies business.
"The Healthcare division and our Automation division have both performed in accordance with our expectation illustrating the quality of our product offering and strong market position," Chief Executive Alan Stubbs said in a statement.
Shares in Servelec were trading down 0.7% at 279.74 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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