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Judges Scientific PLC - 2018 Interim Results

Written by Helaine Kang

Judges Scientific reported results for the first half of 2018. The period included a first-time contribution from Oxford Cryosystems, which was acquired in July 2017. Organic growth of order intake and sales was solid and well in line with the full year target.

The group’s adjusted operating profit grew 48% Y/Y to £6.9mln; the vacuum segment’s performance was noteworthy, with a significant increase of 26% and 89% for revenue and operating profit respectively lifting the segment’s adjusted operating margin to 23% from 15% in 1H 2017. Such a notable profit increase was thanks to a continued operational improvement, the new earnings contribution from Oxford Cryosystems, and an increased shareholding at Bordeaux.

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