Densitron Technologies plc 2003 Full Year Financial Presentation Highlights
In the 2003 financial year, Densitron Technologies plc reported an order intake of £26.1 million, a decrease from £30.6 million in 2002. Revenues increased by £2.5 million, and gross margins improved to 38.7%. Administrative expenses decreased by 20.4% to £11.2 million. The company raised £2.9 million through a successful rights issue and generated £1.0 million from operations. Positive market trends, initial feedback on new product launches, and continued strong performance from HiTech indicate a promising outlook for Densitron.
Densitron Technologies plc 2003 Full Year Financial Presentation Highlights
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Presentation Transcript
Densitron Technologies plc 2003 Full Year Presentation by... Phil Lawler - Chairman Rob Smith - Finance Director
Highlights • Order intake £26.1m (2002: £30.6m). • Revenues up £2.5m. • Densitron Internet & Australia sold in year. Control Systems sold post year end. • Increase in gross margins to 38.7% (2002: 38.0%). • Admin expenses down 20.4% to £11.2m (2002: £14.0m). • Successful rights issue raised £2.9m. • Cash generated from operations £1.0m (2002: £0.2m).
Outlook • Market showing signs of recovery • Good initial feedback on new product launches • VBest planned list in May • Hitech continue to perform well
