26 June 2017 – AGM statement
At today’s AGM the company will announce that trading in the year to date is in line with expectations with revenues up significantly on the same period last year with gross margins within the targeted range. The group is continuing to focus on product innovation with expenditure on product development being maintained at a similar proportion to revenue as last year. The group continues to be cash generative with net cash resources building despite increased spending on research and development and higher working capital requirements due to higher levels of activity. The shares remain a BUY.