Trading Update

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 £11.7m (FY14: £7.6m).

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
 
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