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Published on: January 26, 2024

Reassuring trading update

Thruvision has issued a positive update on current trading, reiterating the message at the interim results in November that there is good momentum in demand from new and existing clients. The group’s diversified business model, with a broad customer base spanning a number of international markets, is continuing to bear fruit. Retail Distribution, its largest market, is winning notable contracts, including a recent order for WalkTHRU from a global sportswear brand for use in its US operation and further WalkTHRU lane orders from two existing FTSE 100 clients. In Customs, additional systems have been ordered by an Asian agency customer. The renewed focus on Entrance Security continues, with further units ordered by a European prison service and a Gulf state. We are encouraged by this secured pipeline, with orders totalling £1.3m since November’s interims, all of which are expected to be delivered in H2. We maintain FY24E estimates.

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