Boundary Capital Update

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Date25 Jul 2017
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Categories

Image Scan To Exceed Expectations For Full-Year After Order Book Grows

Shares rose in Image Scan Holdings PLC after the supplier of X-ray screening systems said on Monday there had been “rapid growth” in the order book for its security and industrial products and it will now exceed market expectations for the full-year.

Shares in Image Scan were up 14.4% to 5.15 pence on Monday.

The AIM-listed company said its recent order intake is over GBP2.5 million and this includes new orders for industrial X-ray products from the automotive industry and for cabinet, conveyor and portable X-ray products from security customers.

Due to the new orders Image Scan said it will exceed market expectations, but the extent of how much will depend on the supply chain and manufacturing performance in the lead up to the end of the financial year on September 30.

“I am delighted with this growth in our order book and in the fact that all our major product categories are included. It is also exciting to welcome new users to the Image Scan community,” Chairman and Chief Executive Bill Mawer said.

“As was the case last year, we now have to work with our supply chain to increase our pre year-end deliveries from this order book. This process is well underway and we already have contract labour supporting the permanent staff in our manufacturing team.”

Image Scan is available through Boundary Capital If you are interested in further information please contact us on info@kuberventures.com or +44 (0) 20 7952 6685

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