“Security orders and sales have been disappointing” at Image Scan, the specialist supplier of X-ray screening systems to the security and industrial inspection markets.
In a trading update for the financial year to 30 September 2019, the Leicestershire-based firm said that the Company is now unlikely to meet market expectations for sales and profit at the end of the financial year.
The firm said that several overseas Government projects for portable X-ray systems, that had been expected to contribute to on-target earnings, have been delayed or postponed and are now unlikely to be realised in this year’s results.
However, industrial X-ray inspection sales are performing in line with management expectations.
The business is expected to make a loss in FY 2019.
Image Scan’s Chairman and Chief Executive, Bill Mawer, said: “Historically, our second half sales have been substantially stronger than those in the first half, and in announcing our FY 2019 first half results, we could see a strong enough pipeline to support our year-end expectations.
“That a number of those projects have not materialised is disappointing and has led to this revised view of the year end. Looking to the future, our internal product development programme is moving ahead rapidly, and we are working on partnerships to further expand our product range.”