REG - Science Group PLC - AGM Trading Update

ScienceAnnouncement

18/06/2024 07:00

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RNS Number : 7725S  Science Group PLC  18 June 2024

 

 

 

18 June 2024

 

AGM Trading Update

 

Science Group plc provides the following trading update ahead of its Annual
General Meeting to be held today.

 

In the first months of 2024, the Group overall is trading in line with the
Board's expectations with Adjusted Operating Profit for the interim period
ending 30 June 2024 anticipated to be ahead of the prior year. The Group
benefits from business and sector diversity and the resilient first half
performance, despite the currently unpredictable political and market
environment, provides a good foundation for the year as a whole.

 

At 31 May 2024, the Group had gross cash of £38.1 million and net funds of
£25.4 million. The strong cash position allows the Board to explore corporate
opportunities and to continue the share buy-back programme in the second half
of the year.

 

 

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Science Group plc
                                                 Tel
: +44 (0) 1223 875200

Martyn Ratcliffe,
Chairman
      www.sciencegroup.com

 

Stifel Nicolaus Europe Limited (Nominated Adviser &
Broker)                 Tel : +44 (0) 20 7710 7600

Erik Anderson, Nick Harland

 

Liberum Capital Limited (Joint
Broker)
      Tel: +44 (0) 20 3100 2000

 Max Jones, John More

 

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