7 August 2009
Shieldtech plc (“Shieldtech” or “the Company”)
Trading Update
Return to Operating Profit
The Board of Shieldtech, the specialist provider of products and services to the Homeland Security market, today made the following trading statement following the end of the Company’s financial year to 30 June 2009:
“Trading in the year to 30 June 2009 has shown a significant improvement on the previous year as predicted in the circular dated 29 May 2009 in connection with the investment and re-financing of the Group which was concluded in June 2009.
Sales are up 71% at £10.3m (2008: £6m). Operating profit* is expected to be approximately £0.4m (2008: loss of £0.8m**).
The Group’s order book at 30 June 2009 was £3.7 million (2008: £3.7 million).
The directors are confident of further growth during the year to June 2010.”
It is anticipated that that the final results for the year ended 30 June 2009 will be announced on or around 18 September 2009.
* before IFRS non cash charges for the amortisation of intangible assets
** before IFRS non cash charges for the amortisation of intangible assets, share based payment charges and impairment of goodwill
Contacts:
Shieldtech plc Tel: +44 (0) 1925 840048
Tony O'Neill, Chief Executive Officer
Robert Denton, Group Finance Director
Seymour Pierce Tel: +44 (0) 20 7107 8000
Nicola Marrin / Mark Percy
Buchanan Communications Tel: +44 (0) 20 7466 5000
Tim Anderson / Isabel Podda / Ben Romney