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16.OCT.03 / Announcement
POSITIVE TRADING UPDATE OMG, a leading supplier of motion capture and visual geometry systems used for medical, entertainment and engineering applications, announced today that following on from a strong recovery in the first half of the financial year, the results for the year ended 30 September 2003 will be ahead of market expectations. The second half of the year continued with a strong performance with revenues over 40% ahead of the same period last year. For the year as a whole this represents revenue growth in excess of 20% compared to last year. It is anticipated that the Company's profits for the year as a whole will be ahead of those reported for the first half of the year. Julian Morris, CEO, commented: "I am delighted to see the Company resuming a path of revenue growth and profits. The performance for the year has been assisted by strong growth in the United States and recognition of the high performance of our product range." For further information, please contact: Julian Morris, Chief Executive, julian.morris@omg3d.com
Tim Thompson, Buchanan Communications
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