Synectics plc (AIM: SNX) – results reflect a tough year but outlook more positive
The provider of integrated security and surveillance systems for the world's most demanding security environments has reported final results for the year ended 30 November 2014 reflecting a very tricky year.
This is a serous operation which could be an interesting recovery play
The Group provides integrated electronic security systems and services to specialist high-end markets. Their systems are based on core proprietary technology, in particular system integration and command and control software.
Unfortunately the oil & gas industry is the largest end user sector for Synectics’ specialised surveillance systems represented 26% of total consolidated Group revenue in 2013. During 2014 a combination of increasing unrest in the Middle East and a substantial decline in oil…
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