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Regulatory news

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18 Feb 2010

• Significant recovery in technology consulting profit during second half of year following actions taken in first half
• Consulting fees for services’ revenue of £20.2m (2008: £22.9m) and gross profit £0.4m (2008: £2.1m) from the full year following H109 gross loss of £0.4m
• Net debt decreased by £1.5m to £2.7m (2008: £4.2m)
• Appointment of new CEO, Brent Hudson in October 2009 following the unexpected death of Alistair Brown in April
• Group structure further simplified:
• Sagentia Catella AB acquired by energy specialist Intertek Semko AB
• Minority shareholding of Sagentia SGAI acquired
• Sagentia Public Sector sold to management
• Sagentia GmbH office closed
• Sagentia Group Employee Trust closed
• Atranova shareholding diluted below subsidiary
• Non-cash write down in fair value of financial assets and other non-current asset movements of £3.1m (2008: £2.0m) resulted in a pre-tax loss of £3.5m (2008: £2.2m)
• Transfer of Investments to non-current assets classified as held for sale
• Deferred income tax asset of £0.6m recognised
• Loss per share of 13.5 pence (2008: 9.7 pence)
• Shareholders’ funds per share of 58.7 pence (2008: 71.9 pence)
• Awards and Licences:
• Best LED Lighting Application award at Elektra 09 European Electronics Industry Awards
• Innovative high colour quality lighting technology licensed to Nualight in the global food retail sector
• Non-exclusive licensing deal concluded with Novotechnik in respect of our non-contact sensor technology
• Sagentia is well placed to respond to changing market conditions in 2010

For further details, please download the Annual Report document below or view the shareholder presentation.

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Sagentia creates, develops and delivers business opportunities, products and services for its clients.

Established in 1986, Sagentia operates in the medical, industrial products and consumer products sectors worldwide. It develops new technologies, products and services that change the basis of competition. The company also assists business leaders to create strategies for technology, innovation and growth. 

Sagentia’s resources are situated in state-of-the-art facilities in Europe, the USA, and China. The Group is listed on AIM (ti: SAG.L).