REG - Oxford Metrics PLC - H1 Trading Update and Board Change

Oxford MetricsAnnouncement

25/04/2025 07:00

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RNS Number : 1396G  Oxford Metrics PLC  25 April 2025

25 April 2025

Oxford Metrics plc

 

("Oxford Metrics" or the "Group")

 

H1 Trading Update and Board Change

 

Oxford Metrics plc (LSE: OMG), the smart sensing and software company
servicing life sciences, entertainment, engineering and smart manufacturing
markets, provides an update on trading for the six months ended 31 March 2025
("H1").

 

Trading update

 

Oxford Metrics confirms trading for the first half of the year remained on
track and it expects to report H1 revenue and adjusted PBT in line with
management expectations. Reflecting the Group's normal seasonal pattern,
revenue is expected to be second half weighted.

 

Momentum during the first half has continued across both divisions. Vicon
secured new contracts across all main markets and in March, launched
markerless motion capture. Vicon Markerless empowers creative and
previsualisation teams to bring ideas to life with greater speed and ease than
ever before. The build out of our smart manufacturing division has progressed
with a number of new contract wins and the appointment of a new managing
director, Dr Simon Gunter, to drive forward initiatives to capture more of
this growth market.

 

Based on current US tariff policy the Group does not anticipate this will have
a material impact, however we continue to monitor this and other
macro-economic factors.

 

The Group remains in a strong financial position with a current net cash
position of c. £41 million, and is well placed to pursue both organic growth
and M&A. During the first half, the Group purchased 6,377,801 ordinary
shares at an aggregate cost of c. £3.6 million.

 

The Group will provide more detail when it announces its Interim Results for
the six months ended 31 March 2025 which is expected to be on Wednesday, 18
June 2025.

 

Board change

 

Cathy Robertson has informed the Board of her intention to retire and step
down as Executive Director. Cathy will retire from the Board with immediate
effect and will remain with the business until 23 May to ensure a smooth
transition of Company Secretary responsibilities.

 

The Board thank Cathy for her commitment, contribution and dedication, and
wish her the very best in retirement.

 

 

For further information please contact:

 

 Oxford Metrics                                                  +44 (0) 1865 261860
 Imogen O'Connor, CEO
 Zoe Fox, CFO

 Panmure Liberum (Nomad & Broker)                                +44 (0)20 3100 2000
 Max Jones / James Sinclair-Ford / Ailsa Macmaster / Gaya Bhatt

 FTI Consulting                                                  +44 (0)20 3727 1000
 Matt Dixon / Emma Hall / Jemima Gurney

 

 

About Oxford Metrics

 

Oxford Metrics is a smart sensing and software company that enables the
interface between the real world and its virtual twin. Our smart sensing
technology helps over 10,000 customers in more than 70 countries, including
all of the world's top 10 games companies and all of the top 20 universities
worldwide. Founded in 1984, we started our journey in healthcare, expanded
into entertainment, winning an OSCAR® and an Emmy®, moved into defence,
engineering and smart manufacturing. We have a strong track record of creating
value by incubating, growing and then augmenting through acquisition, unique
technology businesses.

 

The Group trades through its market-leading division Vicon, Industrial Vision
Systems, and recently acquired, The Sempre Group. Vicon
(https://www.vicon.com/) is a world leader in motion measurement analysis to
thousands of customers worldwide, including Red Bull, Imperial College London,
Dreamscape Immersive, Industrial Light & Magic, and NASA. Industrial
Vision Systems (https://www.industrialvision.co.uk/) is a specialist in
machine vision software and technology for high precision, automated quality
control systems trusted by blue-chip, smart manufacturing companies across the
globe including BD, DePuy, Jaguar Land Rover, Johnson & Johnson, Zytronic
and Alkegen. Sempre (https://www.thesempregroup.com/) is a measurement
specialist solving manufacturing challenges across multiple industries.
Through their expert in-house consultants and partnerships with over 25
well-known manufacturers including Jenoptik, Renishaw and Micro-Vu, Sempre
offers an extensive range of products and software to customers in aerospace,
automotive, medical, energy and precision engineering.

 

The Group is headquartered in Oxford with offices in the United Kingdom,
United States and Germany. Since 2001, Oxford Metrics (LSE: OMG), has been a
quoted company listed on AIM, a market operated by the London Stock Exchange.
For more information about Oxford Metrics, visit www.oxfordmetrics.com
(http://www.oxfordmetrics.com) .

 

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