4 June 2024
Synectics plc
("Synectics", the "Company" or the "Group")
Trading Update
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides an update on trading for the six months ended 31 May 2024 ("H1 2024").
Following continued momentum in H1 2024, the Company announces that trading for the year ending 30 November 2024 ("FY 2024") remains comfortably in line with market expectations, and that the Group's cash position remains strong.
Following the early delivery of a number of projects by the Group's Systems division in H1 2024, the Board expects a more evenly weighted financial performance in FY 2024 rather than being weighted to the second half of the year as previously expected and as in prior years.
Synectics expects to announce its unaudited interim results for H1 2024 on Tuesday 9 July 2024.
For further information, please contact:
| Synectics plc Paul Webb, Chief Executive Officer Amanda Larnder, Chief Financial Officer info@synecticsplc.com
| Tel: +44 (0) 114 280 2828
|
| Shore Capital Tom Griffiths / David Coaten / Rachel Goldstein
| Tel: +44 (0) 20 7408 4090 |
| Vigo Consulting Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald synectics@vigoconsulting.com | Tel: +44 (0) 20 7390 0230 |
About Synectics plc
Synectics plc (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.
The Company's expertise is in providing solutions for specific markets where security and surveillance are critical to operations. These include gaming, oil and gas, public space, transportation, and critical infrastructure.
Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the Company a stand out in its field.
Find out more at www.synecticsplc.com
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