ScS Group Plc 16-week LFL Order Intake Down 9.1% - Quick Facts

ScS Group plc (SCS.L) reported that its total like-for-like order intake for the 16 weeks to 19 November 2022 was down 9.1% due to the reduction in orders in the first ten weeks to 6 October 2022, when the comparative period benefited from strong pent-up demand following the last national lockdown. Like-for-like order intake has seen an improvement in recent weeks, with trading ahead of the prior year, the Group noted.

The Group stated that its balance sheet remains strong, with closing cash at 19 November 2022 of 89.7 million pounds and no debt.

The Board noted that it is encouraged by the Group's recent performance and current trading is in line with its expectations for the full year.

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