TIDMEKF

RNS Number : 9458L

EKF Diagnostics Holdings PLC

07 October 2016

EKF Diagnostics Holdings plc

("EKF", the "Company")

Trading update

EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, announces that trading in Q3 of the current financial year was materially higher than budget and at a run-rate in excess of market forecasts. As a result the Company is now confident of achieving revenues and adjusted EBITDA for 2016 which will exceed the high end of current market forecasts.

In addition, the Company announces that cash generation during the quarter has been strong and its net debt position has improved considerably. While the Company plans to continue investing during Q4 and early 2017 in capital expenditure to increase consumables capacity in Germany and to replace equipment in the USA, it now expects to be cash positive within the next 12 months.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

 
     EKF Diagnostics Holdings plc                             www.ekfdiagnostics.com 
     Christopher Mills, Non-Executive                             Tel: 029 2071 0570 
      Chairman 
     Julian Baines, CEO 
     Richard Evans, FD & COO 
 
     Panmure Gordon (UK) Limited                                  Tel: 020 7886 2500 
      (NOMAD & Joint Broker) 
     Freddy Crossley / Peter Steel 
      (Corporate Finance) 
 
     N+1 Singer (Joint Broker)                                    Tel: 020 7496 3000 
     Alex Price / Alex Laughton-Scott 
 
     Walbrook PR Limited                    Tel: 020 7933 8780 or ekf@walbrookpr.com 
     Paul McManus / Lianne Cawthorne                      Mob: 07980 541 893 / 07584 
                                                                             391 303

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 07, 2016 02:00 ET (06:00 GMT)

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