|
13.JUN.07 / Announcement
INTERIM STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2007
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, announces interim results for the six months ended 31 March 2007.
FINANCIAL HIGHLIGHTS:
- Turnover of £8.5m, up 4% on last year’s record breaking first half (H1 2006: £8.2m) - up 9% at constant exchange rates.
- Profit before tax of £0.9m (H1 2006: £1.1m), but represents an increase of 23% excluding £0.6m investment (H1 2006: negligible) in Yotta (formerly Geospatial Vision) and 2d3 Defence operations.
- Operating profit margin increased to 16% of revenues (H1 2006: 14%), excluding the effect of investment in Yotta and 2d3 Defence.
- Earnings per share at 1.1p (H1 2006: 1.58p) lower due to increased investment. Stripping out investments, earnings per share increases to 1.8p – up 14% on the first half of last year.
- Continuing healthy cash balance at £6.6m. (30 September 2006: £6.5m)
OPERATIONAL HIGHLIGHTS:
- Continuing solid growth of Vicon:
- Major sales success for ground-breaking Nexus software, launched into life sciences market June 2006.
- 2d3 progressing well:
- New defence business offering encouraging progress, establishing strong links with MoD and major contractors.
- 3D mapping business, Geospatial Vision, entering next phase:
- Successfully completed first 5 contracts.
- Business now re-branded as Yotta.
- Technological leadership maintained:
- Launch of new Vicon F Series camera.
- Launch of "real time boujou" service.
Nick Bolton, Chief Executive of OMG plc, commented:
"We're starting to realise our potential, and get results. In every area of our business - both in markets where we lead the way and those where we are just finding our feet - we're doing things differently and better. Vicon continues to dominate the motion capture market, aided by the launch of Nexus into the life science sector, while our investments in 2d3 defence and Geospatial Vision, now Yotta, are paying off, with progress in both divisions giving us confidence in the future growth of the company as a whole."
For further information please contact:
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Hannah Sloane
|