REG - Judges ScientificPLC - AGM Statement

Judges ScientificAnnouncement

21/05/2024 07:00

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RNS Number : 1882P  Judges Scientific PLC  21 May 2024

21 May 2024

Judges Scientific plc

(the "Group" or "Judges")

AGM Statement

At the Annual General Meeting of Judges Scientific plc, to be held at 12:00
noon today at The Lansdowne Club, 9 Fitzmaurice Place, London W1J 5JD, Alex
Hambro, Chairman of the Group, will make the following statement:

"At the time of our Final Results, we stated that we were still envisaging
another coring expedition during the course of 2024, however, Geotek had not
contracted for this expedition and there was uncertainty regarding its timing
and the amount of any related revenue to be recognised in 2024. We can confirm
that the next Geotek contract is now in negotiation, and specifies an
expedition starting at the very end of 2024, implying no recognisable revenue
in the current financial year.

"Trading in the first four months of the year has been subdued relative to
strong prior year comparatives. However, H2 looks more promising which would
result in a performance that is second half weighted and lead to a full year
result in line with market expectations*."

* Current consensus market expectations for the year ended 31 December 2024
are Adjusted profit before tax of £34.0m and Adjusted basic earnings per
share of 384.6p.

 

-     Ends -

 For further information please contact:

 Judges Scientific plc                     Shore Capital (Nominated Adviser & Joint Broker)

 David Cicurel, CEO                        Stephane Auton

 Brad Ormsby, CFO                          Harry Davies-Ball

 Tel: +44 (0) 20 3829 6970                 Tel: +44 (0) 20 7408 4090

 Liberum (Joint Broker)                    Investec Bank plc (Joint Broker)

 Edward Mansfield                          Virginia Bull

 Nikhil Varghese                           Carlton Nelson

 Tel : +44 (0) 20 3100 2222                Tel: +44 (0) 207 597 4000

 Alma (Financial Public Relations)

 Sam Modlin

 Rebecca Sanders-Hewett

 Joe Pederzolli

 Tel: +44 (0) 20 3405 0205

 judges@almastrategic.com

 

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and
developing companies in the scientific instrument sector.  The Group now
consists of 23 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to
a diverse range of markets including: higher education institutions,
scientific research facilities, manufacturers and regulatory authorities.
The UK is a recognised centre of excellence for scientific instruments.
The Group has received five Queen's Awards for innovation and export.

The Group's companies predominantly operate in global niche markets, with long
term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that
generate sustainable profits and cash.  Shareholder returns are created
through the reduction of debt, organic growth and dividends.

For further information, please visit www.judges.uk.com
(https://url.avanan.click/v2/___http:/www.judges.uk.com/___.YXAxZTpzaG9yZWNhcDphOm86M2M4NzY3NGU5MjMxNzExOWZjYjg5ODlkYjkxNmZmZDI6NjoxMTMwOjk3ZWNjN2I3YmJmODJiYTYyYzE0NjI5NzI5NzQzMTEzY2NkOWJlMDYxNWM5OTcyYTU2YmJhNGU0NDYyNGRkNzI6cDpU)

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