REG - Synectics PLC - Trading Update

SynecticsAnnouncement

16/09/2024 07:00

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RNS Number : 2138E  Synectics PLC  16 September 2024

16 September 2024

 

 

Synectics plc

("Synectics" or the "Company")

 

Trading Update

 

Continued positive trading in the third quarter - FY 2024 now expected to be
materially ahead of market expectations

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
systems, provides an update on trading for the year ending 30 November 2024
("FY 2024"), following the conclusion of its third quarter, ended 31 August
2024.

 

The Company is pleased to confirm that trading in the third quarter of the
year was positive, with continued momentum across its key markets.

 

Order intake remains strong and recent contract wins have included a $1.2m
contract for the installation of a new security and surveillance system at a
casino resort in the Philippines, further contract wins with Saudi Aramco, and
a strategically important order for the Company's first installation, of a new
security and surveillance system for a casino resort, in Cambodia.

 

As a result, the Board expects the Company's underlying PBT for FY 2024 to be
materially ahead of market expectations*.

 

The Company continues to focus on further strengthening its already healthy FY
2025 order book.

 

 

*Prior to this announcement, FY 2024 market expectations were revenue of
£52.9m and adjusted PBT of £3.5m

 

 

For further information, please contact:

 

 Synectics plc                                      Tel: +44 (0) 114 280 2828

 Amanda Larnder, Interim CEO and CFO

 Claire Stewart, Company Secretary

 info@synecticsplc.com

 Shore Capital                                      Tel: +44 (0) 20 7408 4090

 Tom Griffiths / David Coaten / Rachel Goldstein

 Fiona Conroy - Corporate Broking

 Vigo Consulting                                    Tel: +44 (0) 20 7390 0230

 Jeremy Garcia / Fiona Hetherington / Peter Jacob

 synectics@vigoconsulting.com

 

 

About Synectics

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance
systems that help protect people, property, communities, and assets around the
world.

 

The Company's expertise is in providing solutions for specific markets where
security and surveillance are critical to operations. These include gaming,
oil and gas, public space, transport, and critical infrastructure.

 

Synectics has deep industry experience in these markets and works closely with
customers globally to deliver solutions that are tailored to meet their needs.
Technical excellence, combined with decades of experience and long-standing
customer relationships, provides fundamental differentiation from mainstream
suppliers and makes the Company a stand-out in its field.

 

Find out more at www.synecticsplc.com
(https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86OTc4YTc4Nzk4NGI2ODc3OTc4OWMxOWJjZTk2NzBmOTg6Njo3OTNkOjE2NGFjMDVmMTU0MTUyYWFkYzBhNjIzYmRjNzMxNDM5ZWJjZWE5NzhkNThjZWU5NGI1MGZkODIyMWYxZWYxMjU6cDpU)
 

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