|
01.DEC.09 / Announcement
Preliminary results for the year ended 30 September 2009
OMG plc, (LSE: OMG) (“OMG” or the “Group”), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, announces preliminary results for the twelve months ended 30 September 2009.
Financial Highlights:
• Revenue maintained at £26.2m (FY08: £26.2m)
• Adjusted profit before tax* of £1.1m (FY08: £2.1m)
• Reported profit before tax of £0.6m (FY08: £1.6m)
• Cash position ahead of expectations at £2.8m (FY08: £2.9m)
• Group remains debt-free
• Proposed dividend increased by 30% to 0.15p
Operational Key Points:
• Economic conditions have led to mixed trading, particularly in the US
• Adaptation to the new economic environment
o Improved operational efficiency
o Investment in product innovation
• Vicon showing a varied performance
o North American operations impacted by economic weakness
o Non-American revenues up 14%, with particular growth evident in China
o Launch of new products, Bonita and Revue
• Yotta impacted by tough trading conditions
o Refocused on proven areas of demand and growth
o Contract wins with county councils in Derbyshire, Hull and North Ayrshire
o MVS revenues maintained, new contract signed with Miami Dade County
• Further progress from 2d3
o Continued expansion of our USA operations, now ahead of UK revenue contribution
o 3 contracts in the UK
*before share-based payments, amortisation of intangibles arising on acquisition and non-recurring costs – see note 5
Commenting on the results Nick Bolton, Chief Executive Officer said:
“Despite the extremely difficult trading conditions, OMG has emerged from the year with strong foundations and a clear plan for the future. Although we have not been able to avoid the impact of the downturn in the US, the diversified operational base has provided us with some comfort, and we have seen enough growth to maintain our revenues at previous levels”
“Overall we've ended the year with the Group in robust good health. Our three main businesses are all competing well in their respective marketplaces; we're continuing to invest in new products and markets; we remain open to the prospect of strengthening our position through acquisition; and we have nearly £3 million in the bank. All of this means we are well positioned to control our own future. OMG enters 2010 better equipped to succeed in these tougher times with the new Vicon products of Bonita and Revue, increasing opportunities at 2d3 and a better aligned Group cost base.”
For further information please contact:
OMG plc +44 1865 261800
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
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.yotta.tv
|