Biome Technologies PLC Trading Update (4424X)
2023年4月26日 - 3:01PM
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TIDMBIOM
RNS Number : 4424X
Biome Technologies PLC
26 April 2023
26 April 2023
Biome Technologies plc
("Biome", the "Company" or the "Group")
Trading Update
Biome Technologies plc, a leading bioplastics and radio
frequency technology business, today provides an unaudited Trading
Update for the quarter ended 31 March 2023.
The year has started robustly with Group revenues for the
quarter ended 31 March 2023 at GBP1.9m, 77% ahead of the same
period last year (2022 Q1: GBP1.1m) and in line with management's
expectations. Whilst total revenues for the Group were similar to
the preceding quarter (2022 Q4: GBP1.9m), they were weighted
further towards the Bioplastics division.
Bioplastics Division
The division's revenues for the quarter ended 31 March 2023 were
GBP1.6m, an increase of 32% compared to the prior quarter (2022 Q4:
GBP1.2m) and 65% higher than the first quarter of 2022 (2022 Q1:
GBP1.0m). This performance in Q1 2023 matches the revenue of the
highest previous quarter (Q3 2020) recorded by the Bioplastics
division. This performance is encouraging for both the scale of
continuing supplies of compostable coffee filtration materials to
two US end-customers and also the supplies of filmic products to a
wider range of end-customers.
RF Technologies Division
Revenues in the RF Technologies division for the quarter ended
31 March 2023 were GBP0.3m, 211% higher than the first quarter of
2022 (GBP0.1m) but 57% lower than the previous quarter (2022 Q4:
GBP0.7m).
The division entered 2023 with several significant prospects for
the year, but with delivery and associated revenues expected in the
second half. Commercial customer discussions and their completion
will be important for the division's performance in the remainder
of this year.
Group Outlook
Whilst trading in the first quarter has been encouraging with
good sales mix, we remain cautious as there is much to do to
realise our growth ambitions. Our outlook for the year remains
unchanged and inline with current market expectations.
-Ends-
For further information please contact:
Biome Technologies plc
Paul Mines, Chief Executive Officer
Rob Smith, Chief Financial Officer
www.biometechnologiesplc.com Tel: +44 (0) 2380 867 100
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner/Tony Quirke (Sales and Corporate Broking)
www.allenbycapital.com Tel: +44 (0) 20 3328 5656
About Biome
Biome Technologies plc is an AIM listed, growth-orientated,
commercially driven technology group. Our strategy is founded on
building market-leading positions based on patented technology and
serving international customers in valuable market sectors. We have
chosen to do this by developing products in application areas where
the value-added pricing can be justified and are not reliant on
government legislation. These products are driven by customer
requirements and are compatible with existing manufacturing
processes. They are market rather than technology-led.
The Group comprises two divisions, Biome Bioplastics Limited
("Bioplastic") and Stanelco RF Technologies Limited ("RF
Technologies").
Biome Bioplastics is a leading developer of highly-functional,
bio-based and biodegradable plastics. The company's mission is to
produce bioplastics that challenge the dominance of oil- based
polymers.
Stanelco RF Technologies designs, builds and services advanced
radio frequency (RF) systems. Dielectric and induction heating
products are at the core of a product offering that ranges from
portable sealing devices to large furnaces for the fibre optics and
other industrial markets.
www.biometechnologiesplc.com www.biomebioplastics.com and
www.thinkbioplastic.com www.stanelcorftechnologies.com
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END
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(END) Dow Jones Newswires
April 26, 2023 02:01 ET (06:01 GMT)
Biome Technologies (AQSE:BIOM.GB)
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Biome Technologies (AQSE:BIOM.GB)
過去 株価チャート
から 12 2023 まで 12 2024