11th Dec 2009 07:00
11 December 2009
Judges Scientific Plc (the "Company")
Trading statement
As the end of 2009 approaches, the Board of the Company wishes to update the market on the likely outcome of what has been a most favourable year.
Trading was underpinned throughout the year by the remarkable order inflow experienced by most of the Group's businesses in the last four months of 2008 and most particularly last December. The Directors believe that profits for 2009 are likely to exceed current market expectations.
The Directors are also pleased to report that Quorum Technologies, acquired last June, has been performing strongly and is producing orders, sales and margins in line with their expectations.
The group's order book at the end of October (excluding Quorum) was unchanged compared to October 2008 and order intake for the ten months to October 2009 was similar to the comparable period in the previous year. However, order intake since the half-year is well below the comparable period and the usual year-end surge in orders has not materialised at this point.
Ends.
Press enquiries:
David Cicurel, CEO, Judges Scientific
Tel: 01342 323 600
Pascal Keane, Shore Capital
Tel: 020 7408 4090
Melvyn Marckus, Cardew Group
Tel: 07775 896 491
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