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
Amanda Larnder, Interim CEO and CFO
Claire Stewart, Company Secretary
info@synecticsplc.com
|
Tel: +44 (0) 114 280 2828
|
|
Shore
Capital
Tom Griffiths / David Coaten / Rachel
Goldstein
Fiona Conroy - Corporate Broking
|
Tel: +44 (0) 20 7408 4090
|
|
Vigo
Consulting
Jeremy Garcia / Fiona Hetherington / Peter
Jacob
synectics@vigoconsulting.com
|
Tel: +44 (0) 20 7390 0230
|
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