Image Scan Holdings rises on improved sales news

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Image Scan Holdings rises on improved sales news
Master Investor Magazine

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The price of shares in AIM-listed security equipment supplier Image Scan Holdings (LON:IGE) has risen by 21.79% to 2.38p (as of 14:15 GMT) as it announced strong order intake at the end of 2019. The company also outlined plans to expand their US sales efforts.

Chairman and CEO Bill Mawer commented: “Our organic growth strategy is focussed on expansion of both our product range and our market reach, so it is pleasing to be able to report on progress in both these areas. I am particularly delighted to welcome our new sales consultant, as he comes with considerable experience and expertise, and gives us, for the first time, a footprint in the USA.

As I said in the annual report, the portable X-ray market is competitive, but our offer is a strong one and we are working hard to differentiate our product range and expand into adjacent sectors. Image Scan has made a promising start to the year and is trading in line with market expectations. I am optimistic for a good first half and hope we can continue our current momentum through the rest of the year“.

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