Contract wins support solid order book at security technology business

Security and surveillance technology firm, Synectics, says it remains on course to achieve FY 2025 market expectations of £65m worth of revenues and adjusted pre-tax profits of £5.3m.

In a trading update ahead of of its Annual General Meeting this morning, the Sheffield-headquartered firm says recent wins across key sectors continue to support its solid order book and encouraging sales traction.

In the energy sector, these wins include projects for new installations and refurbishments, notably within the floating liquefied natural gas and floating production storage and offloading markets.

The leisure and hospitality sector continues to see positive momentum with new customers secured, particularly in North America and the Far East.

Additionally, the business reports sustained demand from established casino customers with both upgrades and repeat orders.

Further gains have been made across the group’s critical infrastructure, public space, and transport sectors, including the award of new projects from local authority housing associations and West Midlands Police.

A spokesman for the company said: “Synectics continues to progress its strategic initiatives, including development of its go-to-market strategy, leveraging the flexibility and scalability of its advanced security and surveillance solutions to address new and existing market opportunities.”

The business’s unaudited interim results are due to be released in July.