REG - Kromek Group PLC - Update on Full Year Results

KromekAnnouncement

30/09/2024 07:00

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RNS Number : 1623G  Kromek Group PLC  30 September 2024

30 September 2024

 

Kromek Group plc

("Kromek" or the "Group")

 

Update on Full Year Results

 

Kromek (AIM: KMK), a leading developer of radiation and bio-detection
technology solutions for the advanced imaging and CBRN detection segments,
gives notice that, further to the Group's trading update of 29 May 2024 (the
"Trading Update") in which it stated it expected to release its full year
results in September 2024, the Group now expects to announce its final results
for the year ended 30 April 2024 during the second half of October.

 

The Group is experiencing increasing commercial and strategic momentum and
continues to pursue further initiatives across the business. As noted in the
Trading Update, Kromek expects to report positive EBITDA for FY 2024, ahead of
market expectations. This reflects an anticipated improvement in gross margin
due to the product mix sold combined with the Group exerting continued tight
cost control whilst driving operational efficiencies, particularly within its
advanced imaging manufacturing process.

 

Further details will be provided in the Group's final results announcement.

 

 

For further information, please contact:

 

 Kromek Group plc
 Arnab Basu, CEO                                                        +44 (0)1740 626 060

 Paul Farquhar, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)        
 Geoff Nash/Giles Balleny/Seamus Fricker - Corporate Finance            +44 (0)20 7220 0500

 Tim Redfern - ECM
 Michael Johnson/Tamar Cranford-Smith - Sales

 Gracechurch Group (Financial PR)
 Harry Chathli/Claire Norbury/Henry Gamble                              +44 (0)20 4582 3500

 

 

Kromek Group plc

 

Kromek Group plc is a leading developer of radiation detection and
bio-detection technology solutions for the advanced imaging and CBRN detection
segments. Headquartered in County Durham, UK, Kromek has manufacturing
operations in the UK and US, delivering on the vision of enhancing the quality
of life through innovative detection technology solutions.

 

The advanced imaging segment comprises the medical, security and industrial
markets. Kromek provides its OEM customers with detector components, based on
its core cadmium zinc telluride (CZT) platform, to enable better detection of
diseases such as cancer and Alzheimer's, contamination in industrial
manufacture and explosives in aviation settings.

 

In CBRN detection, the Group provides nuclear radiation detection solutions to
the global homeland defense and security market. Kromek's compact, handheld,
high-performance radiation detectors, based on advanced scintillation
technology, are primarily used to protect critical infrastructure and urban
environments from the threat of 'dirty bombs'.

 

The Group is also developing bio-security solutions in the CBRN detection
segment. These consist of fully automated and autonomous systems to detect a
wide range of airborne pathogens.

 

Kromek is listed on AIM, a market of the London Stock Exchange, under the
trading symbol 'KMK'.

 

Further information is available at www.kromek.com (http://www.kromek.com/)
.

 

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