Judges Scientific order intake grows during 'solid' first half
By Iain Gilbert
Date: Monday 22 Jul 2019
(Sharecast News) - Scientific instruments group Judges Scientific saw order intake grow in the first six months of its trading year.
Despite a small contraction in the second quarter, Judges saw interim order intake grow 4.2% year-on-year thanks to some "solid" progression throughout the first three months of the trading year.
Judges' first-half sales were bolstered by its order book and by efforts across the AIM-listed group to "pursue operational excellence" and reduce customer delivery lead times.
"These operational improvements resulted in revenue running ahead of orders and hence a moderate reduction of the order book," said Judges.
On 30 June 2019, Judges' order book stood at 13.2 weeks of sales against 14.4 weeks at the start of 2019.
Judges highlighted a "strong" sales performance and said it now expects interim results to show "strong" progress in revenues, earnings before interest and tax and earnings per share.
"The group has enjoyed a good first half, partially helped by consumption of some of the order book; the outlook for the year remains positive and the board is confident that market expectations for the year will be achieved," it said.
At 0925 BST, the shares were up 0.5% to 3,598p.
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