DawMed Systems PLC - AGM Statement

RNS Number:1003T DawMed Systems PLC 25 April 2008 25 April 2008 DAWMED SYSTEMS PLC ('Dawmed' or 'the Company') AGM STATEMENT Strong Q2 Trading Performance Several High Value Tenders Secured At today's Annual General Meeting of Dawmed, the medical devices company which designs, manufactures, sells, distributes and services healthcare decontamination equipment used by Secondary Care NHS Trust hospitals, private hospitals and Primary Care practitioners and clinics, which is to be held later today, the Executive Chairman, Kevin Gilmore, will provide the following update: 'Although it is less than a month since your Company's Annual Report and Accounts were distributed to all shareholders, I am pleased to present a trading update relating to the first two quarters of the current financial year as follows:- KEY POINTS: * Several high value tenders won, including the ground breaking turnkey pr oject at East Kent Hospitals; * Overall historic level of sales substantially more buoyant than the equivalent period last year; * Abundance of activity in quoting and tendering for more new orders; * Performance of sales of Wassenburg equipment particularly strong; * Chemical sales substantially up and continuing to rise; * New distributorship appointment for new top quality product; and * New export distributor in Europe close to appointment. It is pleasing for me to report that the first half of the current financial year appears to have exceeded the Board's expectations, with the substantially increased turnover achieved and the degree of recovery from the disappointing effects of last year's industry sector unprecedented spending slowdown, which led to the consequential and unprecedented loss suffered by your Company last year. So far as the UK is concerned, there can be no doubt that, although a more normal level of NHS business appears to have been resumed, it is your Company's amended strategy that has been largely responsible for its considerable success in recent months and hopefully for the continuation of that success during the second half of this year. As part of your Company's efforts to increase the penetration into Europe of export sales, not least to escape the partial dependence upon the NHS, your Company has recently instigated a new offensive to appoint further distributors for its products in the foreseeable future. In particular, the Company is close to the first such appointment which it hopes to be in a position to detail to shareholders in due course. I am also pleased to announce that the Company has been appointed as exclusive distributor for Meiko bed pan washer machines in England, Scotland and Wales, thereby adding a further top quality product to the Company's portfolio.' --ENDS-- Enquiries: Dawmed Systems plc Tel: 01608 682244 Kevin Gilmore, Executive Chairman Beaumont Cornish Limited Tel: 020 7628 3396 Roland Cornish Bishopsgate Communications Limited Tel: 020 7562 3350 Dominic Barretto For further information please visit Dawmed's website at www.dawmedsystems.co.uk This information is provided by RNS The company news service from the London Stock Exchange END AGMUSURRWNRSUUR

Quick facts: Adams

Price: £0.04

Market: AIM
Market Cap: £3.3 m

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...