Trading Statement

Screen PLC 30 January 2002 30 January 2002 SCREEN PLC: Trading Statement Screen Plc ('Screen' or 'the Company'), a leading provider of advanced security and communication systems, announces that it expects to achieve (subject to audit) the following: * Annual revenue in excess of £14m for year ended 31 December 2001 (2000: £5.1m) * Second half revenue in excess of £8m (2000: £3.0m) * Operating Profits (before goodwill amortisation and after exceptional costs approximately of £70k) in excess of £1m (2000: Loss £302k) While these estimates are below 2001 consensus market expectations they still represent significant year on year growth. This shortfall is mainly accounted for by anticipated contract decisions being deferred. Screen expects to announce preliminary results, for the year ended 31 December 2001, at the end of April 2002. The second half of 2001 showed continued strong organic growth and development from acquisitions. Overall the Directors believe that significant progress has been achieved during the past financial year. The main achievements have included: * Senior Management was strengthened in August 2001 by the appointment of Claes Bergstedt as Chief Executive, a new position. * Three acquisitions (Civil Systems Division of BAE SYSTEMS Plc, Pentyre Ltd and Joyce-Loebl Group Ltd) have strengthened and expanded the Company's product offerings and channels to market. * The most recent acquisition, Joyce-Loebl, allows Screen to enter new growth markets; Transport and Defence. * Mr Bergstedt has commenced a program to implement a new Group structure to support the enlarged business, oversee the integration and ongoing development of existing businesses and incorporate future acquisitions. This initiative includes a new Management board, comprising of all divisional managing directors. * Increased International orders; entry into new geographical markets such as Italy and China. * New product development: Automatic Number Plate Recognition systems adapted for the mobile environment; enhanced ruggedised mobile data computers for in-vehicle installations. * A well-defined outsourced manufacturing agreement has been put in place for Screen's new hand-held ProGenie product. The Directors are pleased by the Company's continuing order inflow and with the strong position of having approximately two-thirds of the business in the public sector, including emergency services and defence. For these reasons, prospects remain encouraging and the business strategy has placed Screen in an excellent position to continue its growth trend. ENDS Contacts: Screen Plc Binns & Co PR Ltd Claes Bergstedt - Chief Executive Peter Binns James Shand - Finance Director Simon Ellis On the day: 020 7786 9600 Paul McManus Thereafter: 01628 820011 Tel: 020 7786 9600 info@screenplc.com www.screenplc.com This information is provided by RNS The company news service from the London Stock Exchange
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