TIDMEKF

RNS Number : 4295O

EKF Diagnostics Holdings PLC

07 November 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 early trading in Q4 of the current financial year has again been materially higher than budget and at a run-rate in excess of already revised market forecasts, upgraded following the trading update provided on 7 October 2016.

The Company now believes that it will achieve revenues of at least GBP36.5m and adjusted EBITDA for the year ending 31 December 2016 of at least GBP5.5m, therefore exceeding current market forecasts. The strong performance of the business is due to organic growth.

In addition, the Company announces that cash generation continues to be strong and now expects to be close to breakeven if not cash positive by the year end, and then cash positive in the first quarter, again ahead of the board's previous expectations.

The 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

TSTLLFIDLALSIIR

(END) Dow Jones Newswires

November 07, 2016 02:00 ET (07:00 GMT)

Ekf Diagnostics (LSE:EKF)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ekf Diagnostics Charts.
Ekf Diagnostics (LSE:EKF)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ekf Diagnostics Charts.