SDI Group PLC   

SDI Group PLC (LSE: SDI) is an FTSE AIM All-Share index-listed Company that designs and manufactures scientific and technology products for use in digital imaging and sensing and control applications.

Trading Update for FY24 (Released on 20 May 2024)

• Financial Update: The company expects the revenues to be approx. GBP 65.9 mn is close to the current market expectations of GBP 67.6 mn. The Adjusted Operating Profit is anticipated to be GBP 9.6 mn and the Adjusted Profit Before Tax could be around GBP 8.0 mn in FY24.
• Business Overview: The Group saw improved profitability and cash generation in the second half of the financial year. Atik Cameras benefited from a major OEM camera order in November. Monmouth and Chell Instruments had strong sales, while Fraser Anti-Static Techniques experienced a revenue increase. SVS had slower trading after a large first-half contract.
• Outlook: The management is focused on cash generation and maintained the net debt at GBP 13.2mn in H2 FY24, despite GBP 3.3mn spent on acquisitions (Peak Sensors: GBP 2.3 mn, SVS earnout: GBP 1.0m)n. Gross debt was GBP 14.6 mn, with GBP 10.4 mn headroom in the revolving credit facility and an additional GBP 5 mn accordion option with HSBC. SDI disposed of Uniform Engineering for a nominal sum in February 2024, resulting in a GBP 0.2 mn loss classified as non-recurring. The group continues to invest in the existing businesses and acquire complementary ones, expecting to continue its buy-and-build strategy in FY25

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

SDI Group PLC (LSE: SDI) was trading at the current market price of GBX 70.00  (as of 07 June 2024, 10:30 AM, GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 07 June 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.