Business
Audited results for year ended 31 December 2019
Audited results for year ended 31 December 2019.
About this update from Science Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 7573E\n Science Group PLC\n 03 March 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 3 March 2020\n \n \n \n \n \n \n \n \n \n SCIENCE GROUP PLC\n \n \n \n \n \n \n \n \n AUDITED RESULTS\n \n \n FOR THE YEAR ENDED 31 DECEMBER 2019\n \n \n \n \n \n Science Group plc (the 'Company') together with its subsidiaries ('Science Group' or the 'Group') reports its audited results for the year ended 31 December 2019.\n \n \n \n \n \n \n \n \n Summary\n \n \n · \n Organic business performance in line with upgraded expectations.\n \n \n · \n Acquisition of Frontier Smart Technologies completed, funded primarily from existing cash resources.\n \n \n · \n Frontier restructuring and integration programme effectively completed. Costs recognised in 2019.\n \n \n · \n Group retains a strong balance sheet with significant freehold property assets.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Science Group plc\n \n \n \n \n \n \n \n \n \n Martyn Ratcliffe, Chairman\n \n \n \n \n Tel: +44 (0) 1223 875 200\n \n \n \n \n \n \n Rebecca Archer, Finance Director\n \n \n \n \n \n www.sciencegroup.com\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Panmure Gordon\n \n \n \n \n \n \n \n \n \n Nominated Adviser: Dominic Morley, Alina Vaskina\n \n \n \n \n Tel: +44 (0) 20 7886 2500\n \n \n \n \n \n \n Corporate Broking: Erik Anderson\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n MHP Communications (PR Adviser to Science Group)\n \n \n \n \n \n \n \n \n \n Reg Hoare, Pete Lambie\n \n \n \n \n Tel: +44 (0) 20 3128 8100\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n * Alternative performance measures are provided in order to enhance the shareholders' ability to evaluate and analyse the underlying financial performance of the Group. Refer to Note 1 for detail and explanation of the measures used. \n \n \n \n \n \n Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (No 596/2014).\n \n \n Chairman's StatementScience Group plc together with its subsidiaries is an international, science & technology services and product development organisation, supported by a strong balance sheet including significan...