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Densitron Technologies plc

Densitron Technologies plc. 2003 Full Year Presentation by... David McQuiggan – Chief Executive Officer. Rob Smith - Finance Director. Operational Highlights. Reduced sales in difficult trading conditions. £3.5 Million exceptional items. Operating loss pre exceptional items of £1.2 Million.

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Densitron Technologies plc

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  1. Densitron Technologies plc 2003 Full Year Presentation by... David McQuiggan – Chief Executive Officer. Rob Smith - Finance Director. Displays and the electronics that drive them.

  2. Operational Highlights • Reduced sales in difficult trading conditions. • £3.5 Million exceptional items. • Operating loss pre exceptional items of £1.2 Million. • No final dividend. But: • Acquisition of the Assets of Ferrograph Limited in April 2002. • Fundamental strategic review completed. • New order intake in 2002 was £30.6 Million (2001 - £27.7 Million) and the group’s order book stood at £18.4 Million at 31st December 2002 (2001 - £13.3 Million). Displays and the electronics that drive them.

  3. Financial Highlights Displays and the electronics that drive them.

  4. Profit and Loss account comparative Displays and the electronics that drive them.

  5. Exceptional Items Displays and the electronics that drive them.

  6. Sales and Orders - trend by quarter Displays and the electronics that drive them.

  7. Sales - Geographic Displays and the electronics that drive them.

  8. Sales – Class of business Displays and the electronics that drive them.

  9. Profit trend Displays and the electronics that drive them.

  10. Balance Sheet Displays and the electronics that drive them.

  11. Cash Flow Displays and the electronics that drive them.

  12. Financial Outlook • MARKET CONDITIONS REMAIN UNCERTAIN! However: • Full year benefit of restructuring activities. • Enter the year with strong order book. • Good start to the year… • Sales up 23% year on year. • Orders up 59% versus 2002. Displays and the electronics that drive them.

  13. Vbest Update – Trading Performance Displays and the electronics that drive them.

  14. Summary • Tough trading conditions - US and European markets very slow. • Improved order intake. • Vbest on track. • Continued strong performance at Hitech. • Ferrograph added. • Balance sheet review and financial restructuring completed. • Strategic review completed. • Board of Directors strengthened. Displays and the electronics that drive them.

  15. Contacts Displays and the electronics that drive them.

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