16th Oct 2006 07:00
OMG PLC16 October 2006 16 October 2006 OMG plc ('OMG' or 'the Group')Trading update OMG plc, Oxford Metrics Group, the technology group providing imageunderstanding products for the entertainment, defence, life science andengineering industries, announces a trading update for the year ended 30September 2006. Trading in the second half of the year has been strong and, as a result, theBoard anticipates closing the year with revenues slightly ahead of marketexpectations and profitability significantly ahead of market expectations. Nick Bolton, Chief Executive, commented: "The Group has performed well once again, with strong trading in all of ourmajor markets. Revenues are slightly ahead of our expectations and the positiveeffect on profit has been more pronounced due to a combination of strong grossmargins and continuing cost control. This has been achieved whilst increasingthe level of investment in promising new market opportunities in defence and instreet-level geospatial imaging. I look forward to updating the market morefully when we publish the full year results in December." Results for the twelve months ended 30 September 2006 will be announced onThursday 7 December 2006. - ENDS - For further information please contact: OMG plc 01865 261800Nick Bolton, Chief ExecutivePeter Wharton, Finance Director Financial Dynamics 020 7831 3113Juliet Clarke / Hannah Sloane ABOUT OMG OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companiesproducing image understanding solutions for the entertainment, defence, lifescience and engineering industries. Be it for capturing actors (for the movieindustry), sportsmen (for video games or improving team performance), childrenwith Cerebral Palsy, rehab patients and animals (for medical, life science andresearch industries) or virtual reality displays (for engineering anddevelopment), the Group has the world leading market position and a stronginternational reputation for precision instruments. Founded in 1984, the Group has global headquarters in Oxford UK, and offices inCalifornia and Colorado USA. It has customers in over 35 countries and is aquoted company listed on AIM, a market operated by the London Stock Exchange.The Group trades through two core operating subsidiaries - Vicon, the world'sbiggest motion capture and movement analysis company and 2d3, a manufacturer ofspecialised visual effects software. Oxford Metrics' global clients in science, medicine, sport, engineering, gaming,film and broadcast include major hospitals and research facilities such as Guy'sHospital, Nuffield Orthopaedic and Loughborough University, engineering industryleaders including Ford Motor Company, BMW, Airbus, Caterpillar, and Toyota, andin the entertainment sector, Sony, Industrial Light and Magic, The MovingPicture Company (MPC), Sega, Nintendo, UbiSoft, Electronic Arts, Square Enix andmany others. For more information about OMG and its subsidiaries, visit www.omg3d.com,www.vicon.com, or www.2d3.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Oxford Metrics