REG - Synectics PLC - Trading Update

SynecticsAnnouncement

09/12/2024 07:00

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RNS Number : 2324P  Synectics PLC  09 December 2024

 9 December 2024

 

 

Synectics plc

("Synectics" or the "Company")

 

Trading Update

FY 2024 profit expected to be materially ahead of expectations; order book
growth underpins confidence in FY 2025

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
systems, provides an update on trading for the year ended 30 November 2024
("FY 2024").

 

The Company expects profit before tax for FY 2024 to be materially ahead of
market expectations*, reflecting continued momentum in the second half of the
year across all of its market verticals.

 

The Company ended FY 2024 with a strong order book, totalling approximately
£37.8 million (31 May 2024: £30.2 million; 30 November 2023: £29.2
million), underpinning the Board's confidence for the year ending 30 November
2025.

 

Cash at 30 November 2024 was £9.6 million (31 May 2024: £6.4 million; 30
November 2023: £4.6 million), with undrawn bank facilities of £3.0 million.

 

Synectics expects to announce its audited results for FY 2024 in early March
2025.

 

 

*Prior to this announcement, FY 2024 market expectations were revenue of
£55.4m and adjusted PBT of £3.9m.

 

 

For further information, please contact:

 

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

 Amanda Larnder, Chief Executive Officer and Chief Financial Officer       www.synecticsplc.com

                                                                         (https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)
 Claire Stewart, Company Secretary

 email: info@synecticsplc.com (mailto:info@synecticsplc.com)

 Shore Capital                                                             Tel: +44 (0) 20 7408 4090
 Corporate Advisory - Tom Griffiths / David Coaten / Rachel Goldstein

 Corporate Broking - Fiona Conroy

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

 Jeremy Garcia / Fiona Hetherington / Peter Jacob

 synectics@vigoconsulting.com (mailto:synectics@vigoconsulting.com)

 

About Synectics plc

 

Synectics (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 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___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)

 

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