Trading Update

RNS Number : 9131J

Sagentia Group PLC

07 July 2011

 



7 July 2011

Sagentia Group plc

("Sagentia" or the "Group")

Trading Update

Sagentia Group plc (AIM:SAG), the international technology consulting company which provides outsourced R&D consultancy services, provides the following trading update. The Board anticipates releasing the interim results for the six month period to 30 June on Monday 25 July 2011.

As reported at the Annual General Meeting on 16 May 2011, the current year started well and this performance has continued throughout the period. The Medical Sector has performed particularly strongly and, after a slower start, the Consumer sector improved in the second quarter to record a result broadly in line with the Board's expectations at the half year stage. The Industrial sector has been less resilient, although this has been offset by a sensor product manufacturing requirement for a customer of the division.

Overall, revenue for the period shows growth in excess of 20% compared to the first half of 2010 and is ahead of the Board's expectations. With high utilisation, tight cost control and a lower risk (primarily time-and-materials) consultancy operating model now established, the Group's operating margin has continued to improve. As a result, profit for the period will materially exceed the Board's expectations at the start of the year and will be ahead of the revised expectations at the time of the AGM update.

In summary, the strong recovery of 2010 has continued in the first half and Sagentia is actively recruiting additional resources to satisfy the current demand. The Board anticipates another good year for the Group.

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For further information:

Sagentia Group plc
Martyn Ratcliffe, Chairman
Brent Hudson, Chief Executive	Tel: [phone]
Neil Elton, Finance Director	www.sagentia.com

Arbuthnot Securities
Nick Tulloch / Paul Gillam	Tel: [phone]
	www.arbuthnot.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham /Jamie Hooper	Tel: [phone]
[e-mail]	www.abchurch-group.com

 

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