Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides an update on trading for the six months ended 31 May 2024 (“H1 2024”).

Following continued momentum in H1 2024, the Company announces that trading for the year ending 30 November 2024 (“FY 2024”) remains comfortably in line with market expectations, and that the Group’s cash position remains strong.

Following the early delivery of a number of projects by the Group’s Systems division in H1 2024, the Board expects a more evenly weighted financial performance in FY 2024 rather than being weighted to the second half of the year as previously expected and as in prior years.

Synectics expects to announce its unaudited interim results for H1 2024 on Tuesday 9 July 2024.

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

Shore Capital
Tom Griffiths / David Coaten / Rachel Goldstein
Tel: +44 (0) 207 408 4050

Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald
Tel: +44 (0) 20 7390 0230