Image Scan, the specialist supplier of X-ray screening systems to the security and industrial inspection markets, has confirmed that revenues and profit for the year will be below market expectations.
In a pre-close trading update of its unaudited results for the year ended 30 September 2022, the company noted that this is principally due to the slippage of contracts into next year that had been expected to complete before the year end.
The firm added that the second half “has been challenging due to government contract delays and component supply issues which have had an impact across our product range and will continue to do so for the foreseeable future.”
Image Scan’s Chief Executive, Vince Deery, said: “Despite the challenges of the uncertain economic outlook, contract delays, supply side challenges and exchange rate concerns we retain our optimistic outlook for the future and an improved 2023. We continue to invest in new products and product developments to maintain and grow our market share.”
