OMG plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2013; Provides Earnings Guidance for the Full Year of 2013
As is typical for Group, The company anticipates delivering a second half trading performance that is stronger than the first half. At a Group level The company anticipates full year revenue performance will be in line with current market expectations, driven both by continued sales of existing products and a full trading opportunity for new products introduced in the first half. The second half will see to achieve a number of important trading milestones, such as the first volume sales of Autographer and increased adoption of Horizons by new and existing Yotta customers. Whilst this strong trading expectation reaffirms belief in the Group's product offering and strategy, the company believe that profitability performance for the full year will now be a degree below current market expectations. Primarily this is due to the important investments the company have made in bringing Autographer to market: a product that will help to generate sales momentum in the second half and beyond.