Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, reports its audited final results for the year ended 30 November 2019.

Headlines:

• Revenue £68.5 million (2018: £71.2 million)
• Underlying profit¹ £2.5 million (2018: £2.9 million)
• Profit before tax £1.6 million (2018: £2.1 million)
• Underlying diluted EPS¹ 13.9p (2018: 12.6p)
• Diluted EPS 9.6p (2018: 9.1p)
• Net cash at 30 November 2019 £3.6 million (2018: £8.1 million)
• Year-end order book £32.7 million (2018: £21.0 million)
• Recommended maintained final dividend 3.5p per share (2018: 3.5p)

¹Underlying profit represents profit before tax and non-underlying items (which comprise provision for costs on settlement of a legal claim (see Note 4), and amortisation of acquired intangibles). Underlying earnings per share are based on profit after tax but before non-underlying items.

Commenting on the results, Paul Webb, Chief Executive, said:

“Our investments continue to deliver good progress in our international systems business. However, difficult market conditions for our UK integration business meant that results overall were in line with revised market expectations following the Company’s trading update on 30 October 2019.”

Download full announcement pdf