Breadcrumbs

RNS: Final Results for the Year Ended 30 November 2021

Tuesday, 22 February 2022

Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, reports its unaudited final results for the year ended 30 November 2021.

Headlines:

  • Revenue: £43.6 million (2020: £44.6 million)
  • Significant improvement in underlying losses1 to £(0.6) million (2020: £(4.1) million)
  • Loss before tax: £(0.6) million (2020: £(6.3) million)
  • Fully diluted EPS: (2.8)p (2020: (27.7)p)
  • Net cash at 30 November 2021: £4.6 million (2020: £6.9 million) with no bank debt2 and undrawn facilities of £3.0 million
  • Company returned to profit in the second half, as expected, on a restructured cost base
  • Order book at 30 November 2021: £28.4 million (2020: £25.4 million)
  • Recommended final dividend of 1.5p per share, in recognition of profitable H2 and strong balance sheet

1Underlying (loss) represents (loss) before tax and non-underlying items; see note 4 for further details.

2Excluding IFRS 16 lease liabilities

Commenting on the results, Paul Webb, Chief Executive of Synectics said: “The second half of the year saw the Company return to profit, on a restructured cost base, delivering a significant reduction in losses. The Board is confident that the Company’s excellent customer relationships in attractive markets, coupled with its talented and committed teams, provide sound foundations for a strong recovery and sustained growth.”

Download full announcement pdf

 

For further information, please contact:

Synectics plc
David Coghlan, Chairman
Paul Webb, Chief Executive
David Bedford, Finance Director
Tel: +44 (0) 114 280 2828
www.synecticsplc.com
info@synecticsplc.com

Shore Capital
Tom Griffiths / Henry Willcocks / David Coaten
Tel: +44 (0) 20 7408 4050

Media enquiries:
Intelligent Conversation
Claire Evans
Tel: +44 (0) 161 694 3979
claire@weareic.com

All the information you need to contact us

CONTACT INFORMATION

Details of Synectics Group offices

GLOBAL OFFICES

Auditor, registrar and stockbrokers

ADVISERS