Image Scan continues to be adversely impacted by Covid-19
By Iain Gilbert
Date: Monday 22 Feb 2021
(Sharecast News) - X-ray imaging specialists Image Scan warned on Monday that the Covid-19 pandemic had continued to have an adverse impact on the overall level of orders, particularly in security.
Image Scan stated the pandemic's impact had been most noticeable in delays to the placing of larger, multi-unit orders by government customers.
However, the AIM-listed group also highlighted that it had secured a contract to supply portable X-ray systems to the Royal Air Force, as well as a first order from the Canadian government, illustrating progress made by the company in its efforts to target the North American security market.
Image Scan added that its order pipeline in both security and industrial markets was showing "some signs of recovery" and that its performance in the second half would be dependent on "timely receipt of those orders".
Chairman Bill Mawer said: "As anticipated, the business continues to be impacted by the pandemic, though we are beginning to see a strengthening pipeline of opportunities with both security and industrial customers.
"We are making good progress with our ambitious product development programme, and our aim remains to come out of the pandemic with a broader range of screening systems, and a presence in a wider range of security markets than before it started. We are on target to achieve that goal."
As of 0910 GMT, Image Scan shares were up 0.55% at 2.76p.
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