Trading Update and Notice of Results

RNS Number : 2539R

Amino Technologies PLC

08 December 2016

 

8 December 2016

Amino Technologies plc

("Amino" or "the Company")

Trading Update and Notice of Results

Amino Technologies plc (LSE AIM: AMO), the Cambridge-based provider of digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, today provides the following trading update for the year ended 30 November 2016.

As announced on 10 October 2016, the Company set out better than expected trading for the full year ended 30 November 2016 driven by record orders in August coupled with favourable foreign exchange effects. For the full year ended 30 November 2016, the Board now expects to report revenue and profit marginally ahead of these revised market expectations. The Company's cash position at 30 November 2016 was £6.2m (30 November 2015: £2.1m) which is also ahead of market expectations.

The Company moves into 2017 with a solid order backlog providing good visibility into the first half of next year, further underlining the strong sales performance delivered during the past 12 months.

Commenting on today's announcement, Keith Todd CBE, Non-Executive Chairman said:

"This has been a transformative year for Amino in terms of the scope, scale and performance of the business. With strong financial metrics, a solid order backlog and our enhanced product offering, the Company goes into 2017 with confidence."

The Company will announce its full year results on 7 February 2016.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Ends

For further information please contact:

Amino Technologies PLC	[phone]
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Joint Broker)	[phone]
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) Simon Johnson / Tim Redfern (Corporate Broking)
Canaccord Genuity Limited (Joint Broker and Financial Adviser)	[phone]
Simon Bridges / James Craven / Emma Gabriel
FTI Consulting LLP (Financial PR)	[phone]
Chris Lane / Alex Le May / Darius Alexander [e-mail]

 

END

 

 

MSCLLFSDFILDIIR