Published on: February 10, 2021

Major follow-on order for Atik Cameras

SDI Group has published an extremely positive trading update, focusing on a significant follow-on order that has been received by group company Atik Cameras from an OEM manufacturer of real time PCR DNA amplifiers, used in the testing of COVID‑19 and similar diseases. The Board has given revenue and adjusted PBT guidance for FY21 and FY22 that is substantially ahead of our previous expectations and we upgrade our forecasts accordingly, with 15% and 44% uplifts to our fully adjusted EPS forecasts for FY21 and FY22, respectively. While the order does not represent recurring business, shipments are scheduled to continue into FY23 and we see further upside from Atik Cameras leveraging its traction in the PCR market segment, leading us to upgrade our fully adjusted EPS forecast for FY23 by 20%.

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