Optos eyes results ahead of City hopes

Share this article
0
Have your say

Eyecare specialist Optos today said its annual results should come in ahead of City forecasts after winning a record number of new customers.

The Dunfermline-based firm, which makes retinal imaging products for optometrists, also said sales and adjusted pre-tax profits for the year to 30 September will be “slightly above market consensus” thanks to the early renewal of a US corporate customer that has upgraded its stores to Optos’ Daytona devices.

During the year added 1,500 customers, a record performance for the company, growing its installed base by 24 per cent. Net debt for the year expected to have reduced to $12 million (£7.4m), down from $39m a year ago.

Chief executive Roy Davis said: “We continued to see strong demand for our products during the year, particularly Daytona. This has translated into another record year of placements with new customers.

“It has also resulted in a robust cash performance that has allowed us to reduce net debt significantly. Our pipeline of new products is progressing to plan and we remain excited about the future.”

Back to the top of the page