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Densitron Technologies plc 2003 Full Year Financial Presentation Highlights

In the 2003 financial year, Densitron Technologies plc reported an order intake of £26.1 million, a decrease from £30.6 million in 2002. Revenues increased by £2.5 million, and gross margins improved to 38.7%. Administrative expenses decreased by 20.4% to £11.2 million. The company raised £2.9 million through a successful rights issue and generated £1.0 million from operations. Positive market trends, initial feedback on new product launches, and continued strong performance from HiTech indicate a promising outlook for Densitron.

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Densitron Technologies plc 2003 Full Year Financial Presentation Highlights

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  1. Densitron Technologies plc 2003 Full Year Presentation by... Phil Lawler - Chairman Rob Smith - Finance Director

  2. Highlights • Order intake £26.1m (2002: £30.6m). • Revenues up £2.5m. • Densitron Internet & Australia sold in year. Control Systems sold post year end. • Increase in gross margins to 38.7% (2002: 38.0%). • Admin expenses down 20.4% to £11.2m (2002: £14.0m). • Successful rights issue raised £2.9m. • Cash generated from operations £1.0m (2002: £0.2m).

  3. Financial Highlights

  4. Profit and Loss account comparative

  5. Sales and Orders - trend by half

  6. Sales - Geographic

  7. Sales – Class of business

  8. Profit trend

  9. Balance Sheet

  10. Cash Flow

  11. Outlook • Market showing signs of recovery • Good initial feedback on new product launches • VBest planned list in May • Hitech continue to perform well

  12. Vbest – Trading Performance

  13. Contacts

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