Good morning, thank goodness it's Friday!

Agenda - 

Sdi (LON:SDI) - a positive trading update, and forecasts are raised. This buy & build group is delivering very impressive performance. It also sounds upbeat about the outlook for FY 4/2023. This looks an excellent long-term investment, in my view.


Explanatory notes -

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Sdi (LON:SDI)

173p (up 15% at 09:49)

Market cap £177m

Trading Update

What a pleasure to be reporting on some good news for a change!

SDI Group plc, the AIM quoted Group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, is pleased to provide an update on trading for the year ended 30 April 2022.

Here are the main points -

Subject to finalisation of the accounts and audit, we expect revenues and profits for the year to materially exceed current market expectations1. Sales are expected to be approximately £49m (FY2021: £35.1m). We expect organic sales growth2 for the year to be in excess of 20%, which further builds on last year's 19% organic growth…
Adjusted Profit Before Tax3 is expected to be at least £10.5m (FY2021: £7.4m). We also expect to report very strong operational cashflows, significantly ahead of market expectations.
1. Analysts from our Broker finnCap Limited and from Progressive Equity Research regularly provide research on the Company, accessible from our website, and the Group considers…

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