Science Group Says Performing in Line With or Slightly Above Guidance

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by Ian Walker

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Science Group plc said on Friday that performance across all units continues to be positive and the company’s performance is in line with or slightly above recent guidance.

The London-listed science and technology consulting company said it expected to report another strong operating performance for this year.

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On October 11, Science Group raised its full-year guidance for the third time, citing a resilient business performance and the Frontier Smart Technologies acquisition in 2019.

Companymoney did not provide any actual numbers. However, at the time adjusted operating profit — one of the company’s preferred metrics that separates extraordinary and other one-time items — was estimated at £14 million ($19.1 million) for the year ended December 31, which was estimated at £14 million ($19.1 million). Was taken from FactSet. and based on the forecast of Stifel Nichols. This compares with GBP10.9 million in 2020.

Science Group on Friday said it has bought Taiwan-based Internet radio-technology specialist Magic Systec Inc for $4 million in cash.

Write to Ian Walker at [email protected]

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