Synectics delivers 'positive' H1 trading performance

(Sharecast News) - Security and surveillance solutions firm Synectics said on Monday that it had delivered a "positive trading" performance, combined with solid order intake, and said it was confident for FY25 as a whole. Synectics said it has continued to see "solid order intake" and ongoing new business momentum across H125, with trading for the year ending 30 November set to be "comfortably in line with market expectations" of £65.0m in revenue and adjusted pre-tax profits of £5.3m.

The AIM-listed firm stated progress had been "positive" in the year to date, with Synectics securing extensions and repeat orders with existing long-term customers across "a variety of sectors and geographies", in addition to securing new customer mandates.

Synectics added that its order book "remains strong", with a number of sizeable projects due to be delivered in the second half of the year and beyond.

As of 0930 BST, Synectics shares were up 3.88% at 335.0p.







Reporting by Iain Gilbert at Sharecast.com