Synectics plc (AIM: SNX) is pleased to announce the launch of Synergy DETECT, which is a key AI component of Synectics' proprietary software, Synergy.
Delayed Share Price: 295.00p
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, reports its unaudited interim results for the six months ended 31 May 2024 (“H1 2024” or the “Period”).
1 Underlying operating profit represents profit before tax, finance costs and non-underlying items; see note 4 of the financial statements.
2 Underlying EBITDA represents profit before finance costs, tax, depreciation, amortisation and non-underlying items.
3 Underlying earnings per share are based on underlying profit after tax but before non-underlying items.
4 Excluding IFRS 16 lease liabilities.
Commenting on the results, Paul Webb, Chief Executive of Synectics, said: “We’re delighted to have delivered a strong H1 2024 performance, driven by our Systems division completing delivery of several projects ahead of schedule. Our robust order book and promising pipeline of new business opportunities, coupled with our reputation as a trusted partner, ideally position us to capitalise on exciting opportunities across our growing specialist end markets.
"Against this positive backdrop, the Board remains confident in meeting market expectations for FY 2024* and the Company’s longer-term prospects.”
For further information, please contact:
Synectics plc
Paul Webb, Chief Executive Officer
Amanda Larnder, Chief Financial Officer
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
info@synecticsplc.com
Shore Capital
Tom Griffiths / David Coaten / Rachel Goldstein
Tel: +44 (0) 207 408 4090
Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald
Tel: +44 (0) 20 7390 0230
synectics@vigoconsulting.com
The Company will be holding a live presentation of its H1 2024 results via the Investor Meet Company platform on Monday 15 July 2024 at 11.00 a.m.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00 a.m. the day before the meeting or at any time during the live presentation.
Investors can sign up for free and register to meet Synectics here. Investors who already follow Synectics on the Investor Meet Company platform will be automatically invited.
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