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Newmark Security gets boost from shops needing hygiene screens

Snapshot

  • AIM-listed businesses focused on clock-in and security equipment
  • Demand for perspex screens has picked up
  • But waiting to see profit impact from coronavirus lockdown
Newmark Security PLC -

Quick facts: Newmark Security PLC

Price: 1.175 GBX

AIM:NWT
Market: AIM
Market Cap: £5.51 m
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What it does

Newmark Security PLC (LON:NWT) has two arms: Grosvenor, which specialises in clocking-in equipment and door access and security systems, and Safetell, which makes asset protection equipment such as screens for banks and now shops.

 

How it is doing

In August Newmark secured two new customer wins in its Human Capital Management division. The first contract is for three years and has a minimum contract value of US$1mln in that period. The other contract win is with an existing customer to provide the company's flagship device, the GT-10, to one of the largest retailers in the US. Newmark estimates it could potentially worth US$3.8mln over the next 2-3 years.

The pandemic has boosted demand for hygiene screens and night pay hatches, with activity in the second half of the year broadly in line with management's expectations, though it started to slow from April onwards.

As a result, revenues for the year will be slightly below the previous twelve months though the impact on group operating profit is not yet clear.

 

What the boss says: Marie-Claire Dwek, chief executive

“We are delighted to see our investment into creating our next-generation timeclocks being repaid with these customer wins. The US has been a significant part of our growth story in recent years and we expect that trend to continue."

 

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Newmark Security seeing good demand for its hygiene screens and night pay...

Newmark Security PLC's (LON:NWT) Marie-Claire Dwek tells Proactive London's Andrew Scott demand for its hygiene screens and night pay hatches has risen due to the coronavirus (COVID-19) outbreak. Newmark has two arms: Grosvenor, which specialises in clocking-in equipment and door access and...

on 22/5/20

2 min read