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28.APR.09 / ANNOUNCEMENT
Trading Update
OMG plc, Oxford Metrics Group (LSE: OMG), ('OMG' or 'the Group') the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, is pleased to provide the following update in respect of trading for the six months ended 31 March 2010.
The Group expects to report record first half revenue of approximately £14.4m. Sales of higher margin products in the Group’s Vicon business, particularly in the United States, recovered more quickly than previously expected towards the end of the first half. As a result, the Group now expects to report a profit before tax (“PBT”) performance for the half year that is ahead of the market’s current PBT expectations for the full year. Cash at bank as at 31st March 2010 stood at £4.1m.
Whilst general economic conditions remain mixed, OMG enters the second half of the financial year in robust financial health. As in previous years, the Group remains dependent on the successful closure of deals during the second half but, at this current time, the Board believes it reasonable to expect a full year PBT performance that is ahead of current market expectations.
OMG will report interim results for the six months ended 31 March 2010 on Wednesday, 12 May 2010.
For further information please contact:
OMG plc
+44 1865 261 800
Nick Bolton, Chief Executive
David Deacon, Finance Director
Financial Dynamics +44 20 7831 3113
Juliet Clarke / Matt Dixon / Emma Appleton
Evolution Securities (Nomad to OMG) +44 20 7071 4300
Jeremy Ellis
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About OMG
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries. Be it for capturing the movements of actors (for the movie industry), sportsmen (for video games or improving team performance), children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries) or virtual reality displays (for engineering and development), the Group has the world leading market position and a strong international reputation for precision instruments.
Founded in 1984, the Group’s headquarters are in Oxford, UK, and it has offices in California and Colorado, USA. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three operating subsidiaries – Vicon, the world’s biggest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for entertainment and defence applications and Yotta, our 3D mapping business, which collects and analyses highway data and street level imaging and which, following the acquisition of Mobile Video Services, Inc. in April 2008 is a leading US provider of data collection services for the assessment of property taxation.
Oxford Metrics’ global clients in science, medicine, sport, engineering, gaming, film, broadcast and 3D mapping include major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector, Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA, Square Enix and in 3D mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others.
For more information about OMG and its subsidiaries, visit www.omg3d.com, www.vicon.com, www.2d3.com or www.yottadcl.com
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