Hardware & electrical equipment
Westminster Group revenues jump by a quarter in latest half-year
Westminster said it has multiple revenue streams from diverse sources and regions worldwide
Company
Westminster Group PLC
LON:WSG
Westminster Group PLC is a British based highly experienced and internationally acclaimed fire, safety, security and defence group operating worldwide through an extensive network of over 100 agents and international offices in over 50 countries. The group’s customer base comprises, predominately: governments and government agencies, non-governmental organisations and blue chip commercial organisations. Westminster Group has extensive experience gained over many years in the design, supply, installation and commissioning of a wide range of security and defence solutions including a wide range of anti-terrorism equipment & systems, border security systems and homeland security solutions.
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Hardware & electrical equipment
Westminster Group starts PPE vending project and sees unprecedented growth opportunities
Trading has continued to go well throughout the first six months of the 2020 financial year.
Hardware & electrical equipment
Westminster conducts trial of fever screening solution at Stockholm airport
The company said feedback from the first live trial was “extremely positive” with all passengers screened and its partners will continue to use the solution to screen more flights over the coming weeks
Hardware & electrical equipment
Westminster Group awarded fever screening contract for global return to work programme
Worth around US$665,000, the contract covers the provision of a range of fever screening systems and sanitisation stations to 85 offices in 37 countries
Hardware & electrical equipment
Westminster Group readies for screening surge as world seeks coronavirus solutions
This year has already a surge of enquiries from all around the globe
Hardware & electrical equipment
Westminster Group says its aviation security training graded outstanding by CAA
"Training is an important growing revenue stream for Westminster," Peter Fowler, the group's chief executive said
Hardware & electrical equipment
Westminster Group says it is operating profitably in 2020 as its posts double-digit revenue growth in 2019
Revenues in the first quarter were up 22% year-on-year with the company making “a healthy profit” of several hundred thousand pounds in the quarter both before and after-tax
Hardware & electrical equipment
Heathrow Airport to trial temperature screeners to get people flying again
As well as temperature checks, facial recognition technology and contact free-security scanners will also be assessed
Hardware & electrical equipment
Westminster Group says release of annual results delayed by two weeks until Thursday, May 14
The group added that it expects its accounts to show revenues of £10.9mln, an increase of 63% on 2018 and that it will be EBITDA positive, against a £0.35m EBITDA restated loss on a consistent basis in 2018
Hardware & electrical equipment
Westminster trades satisfactorily as demand for fever screening surges
Revenues were more than £4mln, an increase of 30% over a year ago
Hardware & electrical equipment
Westminster Group provides another update on the current effects of coronavirus on its business
“We are fortunate however that our business model is built on having multiple revenue streams from multiple operations and our airport managed services operations are just one element of our overall revenue profile”
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Proactive news snapshot: Westminster Group, Tekcapital, Bidstack Group, Ceres Power …
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Hardware & electrical equipment
Westminster Group receiving unprecedented levels of interest in its fever screening services
So far this year it has dealt with more than 500 enquiries from all over the world for fever detection and associated equipment, resulting in sales of roughly US$720,000
Hardware & electrical equipment
Westminster Group hails strong growth in volumes at the Tema container screening project
Westminster said its role as the technical partner to the project is set to become official after some contractual issues were cleared up.
Hardware & electrical equipment
Westminster Group completes first stage of loan note redemption programme
Westminster has reduced its debt by £561,250 and thus reduced its financing costs
Hardware & electrical equipment
Westminster Group eyes inflexion point as revenues jump 63%
Trading for 2020 has started on a positive note, the group added
Hardware & electrical equipment
Westminster Group enters flexible financing agreement as it seeks early redemption of loan notes
Redeeming the convertible secured loan notes well before the maturity date will save on both interest and management fees
Hardware & electrical equipment
Westminster Group sees double-digit revenue growth as both arms do well
The new container screening operation at the port of Tema in Ghana has already generated several hundred thousands of dollars in revenues.
Hardware & electrical equipment
Westminster Group benefits from Ghana reports of progress in Tema talks
The security group is working with port operator Meridian Port Services (MPS) to provide an x-ray-based container screening system at the port.
Hardware & electrical equipment
Westminster Group's revenues ahead of expectations
"Our business is now in a better position than it has been for some time in terms of management, structure, revenues and prospects."