Vislink PLC
24 May 2006
Vislink plc
Annual General Meeting trading update - Wednesday 24th May 2006
Vislink plc ('the Group'), the leading supplier of microwave radio and satellite
transmission products for the broadcast and security markets and CCTV systems
for the marine security market, will hold its Annual General Meeting later this
morning.
The Chief Executive, Ian Scott-Gall, will give a trading update to the meeting
including the following comments.
'The Group has made a very strong start to the year. For the first four month's
trading in 2006
• Order inflow is 35% ahead of the same period last year
• Sales are 72% ahead of the same period last year
• Adjusted operating profit for the period, being operating profit before
the amortisation of acquired intangibles, is over 50% ahead of the
£3.2million reported for the first six months of 2005
Both the international and domestic markets remain strong for MRC our US
broadcast business. MRC's recent success in winning two Broadcast industry
awards at NAB 2006, the world's largest electronic media show, demonstrates
continued progress with new product introductions.
Our UK broadcast business continues to benefit from the growth of Link Research
with increasing demand for their new HD products and from sales growth and the
return to profitability of Advent, the satellite communications business.
Hernis, the specialist marine safety and security business, has made an
excellent start to the year with orders currently 50% ahead of the first four
month's of last year. Hernis continues to win significant orders from both
marine and offshore oil and gas projects.
In summary, the Board is pleased with the progress made so far this year and
looks forward to the rest of the year with enthusiasm and confidence.'
-Ends-
For further information on Wednesday May 24th 2006, please contact:
Ian Scott-Gall 01488 685500
Chief Executive, Vislink plc
James Trumper 01488 685500
Group Finance Director, Vislink plc
This information is provided by RNS
The company news service from the London Stock Exchange