Financial Reports

"As announced already, several of our Group businesses have experienced a challenging first half, driven by difficult market conditions and the deferral of some projects into H2 or 2025.

In spite of the trading disappointment, the Group has again demonstrated its resilience and its financial strength.  With the completion of three acquisitions since the start of the year, the further strengthening of our management team, and a 10% increase to the interim dividend, we continue to build on our model of delivering long-term shareholder value."

Alex Hambro, Chairman of Judges Scientific plc

“During the period all the measures of Organic performance were again beaten, with results bolstered by the contribution from Geotek. While we have not yet returned to a pre-pandemic trading environment and we continue to operate in a challenging world, we have seen improving prospects across our markets. We are well configured moving forwards, strengthened by a reinforced executive team and a solid order book, with a strong second half anticipated for the Group."

“I am pleased to report that your Group has achieved new records in Organic order intake, revenue and adjusted operating profit, despite contending with a challenging environment. In May 2022, the Group completed its largest ever acquisition, Geotek, which delivered a strong contribution in the second half of the financial year. I would like to take this opportunity to sincerely thank our colleagues for their continued diligence. The resilience of the Group's businesses and the validity of its model have once again come to the fore and are reflected in these results."

Alex Hambro, Chairman of Judges Scientific plc

Click here for the Notice of the Annual General Meeting on Monday 22 May 2023

“During the period the Group generated record Organic order intake, revenues and profits in spite of increasing supply chain challenges, whilst still continuing to recover from the challenges created by Covid-19. At the end of May, the Group completed its largest acquisition to date, Geotek. The resilience of the Group's business model alongside the hard work by all our colleagues have once again been evident throughout the period and are reflected in the results."

"I am pleased to report that your Group has delivered record revenue, profits, cash generation and dividends in a year which still presented challenges as a consequence of the pandemic. The resilience of the Group’s business model and a good performance from recent acquisitions alongside the hard work by all our colleagues have enabled Judges to stage a solid recovery."

"It is gratifying to be able to report record figures across revenues, adjusted profit before tax, adjusted earnings per share and dividends for the first half of 2019, maintaining the positive financial performance experienced since the second half of 2016."

“Although 2016 was a year of contrasts for Judges with the completion of a record four acquisitions but a disappointing trading performance, Judges commences 2017 with a solid financial position, four new businesses, a strong order book and positive order intake since the start of the year, all of which provides a platform for a year of progress.”

Alex Hambro, Chairman of Judges Scientific plc

"This has been a period of contrast, with success in the pursuit of earnings-enhancing acquisitions and frustration in respect of short-term trading performance. At this stage, the Board therefore believes that the full year results will be significantly below market expectations.”

"Your Group achieved notable progress in 2015, duly reflected in record sales, pre-tax profits and earnings per share. Despite some short-term volatility, the market for scientific instruments continues to benefit from excellent long-term growth drivers. This is illustrated by our steady but consistent growth in revenues and dividends. 

The Group starts the year with a solid order book, a small but exciting new acquisition and a strong financial position, all of which serves to underpin the Board’s confidence that Judges is well positioned to face the inevitable challenges that 2016 will bring."

Alex Hambro, Chairman of Judges Scientific plc

“These mid-year figures reflect the weak order intake experienced throughout much of 2014 and the first quarter of this year. I am pleased to report, however, that order intake in the last six months has shown a significant improvement which will bear fruit in the second half. Meanwhile, the acquisition of Armfield illustrates Judges’ continuing ability to execute its growth strategy, utilising the Group’s cash generation. As a consequence the Board remains confident in the ability of the Group to meet market expectations for the full year.”

“The year just closed proved disappointing with weak order intake in most of our businesses progressively affecting all measures of performance. On the other hand our business model remains intact, supported by solid cash generation, as evidenced by the £10 million acquisition of Armfield announced early in the New Year.”

Alex Hambro, Chairman of Judges Scientific plc

"I am able to announce a record set of interim results for the ninth consecutive year. As indicated in our trading statement in July, progress at the mid-year has been driven by Scientifica’s contribution, with only modest organic growth. The business climate within the instrumentation sector remains challenging but your Group’s ability to pursue its strategic objectives is undiminished."

Alex Hambro, Chairman of Judges Scientific plc

"I am pleased to be able to report, for the eighth consecutive year, record levels of sales, adjusted pre-tax profits, adjusted earnings per share and dividends.  Your Company enjoyed a successful year, which saw further corporate activity and a satisfactory trading performance achieved in a challenging economic environment."

Alex Hambro, Chairman of Judges Scientific plc

"I am delighted to be able to announce a record set of interim results for the eighth consecutive year. The acquisition of Scientifica Limited was completed at the end of the period and should make a strong and immediate contribution to earnings. Our Group continues to display encouraging resilience against the backdrop of a generally challenging environment."

Alex Hambro, Chairman of Judges Scientific plc