OMG PLC Trading Update (7799D)
October 29 2015 - 3:00AM
UK Regulatory
TIDMOMG
RNS Number : 7799D
OMG PLC
29 October 2015
29 October 2015
OMG plc
("OMG" or the "Group")
Trading Update
OMG plc (AIM:OMG) the technology group providing image
understanding products for the entertainment, life science,
engineering and consumer electronics markets, provides the
following update on trading for the financial year ended 30
September 2015.
Vicon and Yotta have traded well in the second half, therefore
overall the Group's full year revenue and adjusted profit are
expected to be in line with market forecasts.
The Group has ended the year with a strong cash balance at
GBP11.7m (FY14: GBP7.6m).
The Group is expected to announce Preliminary Results for the
financial year ended 30 September 2015 on 8 December 2015.
For further information please contact:
OMG plc +44 (0) 1865 261800
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Emma Appleton / Charles Palmer / Harry Staight
N+1 Singer (NOMAD to OMG) +44 (0) 20 7496 3000
Shaun Dobson / Jen Boorer
Notes to Editors
About OMG plc
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of
technology companies producing image understanding products and
services for the entertainment, life science, engineering
industries and consumer electronics markets.
The Group's technology is used globally to capture the movements
of actors (for the movie industry), sportsmen and women (for video
games or improving team performance), and children with cerebral
palsy, rehab patients and animals (for medical, life science and
research industries). The technology is also used for the
management of pavement and street furniture. Through this diverse
offering the Group has earned its strong international reputation
for precision from pixels and its unique expertise in imaging
technology.
Founded in 1984, the Group is headquartered in Oxford, UK, and
has two offices in the US and four in the UK. 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 subsidiaries: Vicon, the world's largest motion capture and
movement analysis company, Yotta, a provider of software and
services for infrastructure asset management and OMG Life, our IP
licensing business, which is focused on unlocking latent value in
OMG's IP.
The Group's global clients spanning the worlds of science,
medicine, sport, engineering, gaming, film and broadcast include:
major hospitals and research facilities such as Guy's Hospital,
Nuffield Orthopaedic Centre, Headley Court and Loughborough
University, engineering industry leaders including: Ford Motor
Company, BMW, Toyota and European Space Agency and in the
entertainment sector; The Imaginarium, Sony, Industrial Light and
Magic, Sega, Nintendo, UbiSoft, EA and Square Enix. In
infrastructure asset management, clients include Highways England,
East Sussex, Kent, Lancashire, Transport for London, UK Power
Network, Cheshire East and West as well as many others.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUWUBRVUARUAA
(END) Dow Jones Newswires
October 29, 2015 03:00 ET (07:00 GMT)
Oxford Metrics (LSE:OMG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Oxford Metrics (LSE:OMG)
Historical Stock Chart
From Apr 2023 to Apr 2024
