Wed 4th Dec 2013 Interim results 2013

 

Solid performance; strengthening organic growth platforms
The first six months of the year have delivered solid growth, with progress in our development pipeline and IP portfolio continuing at pace

Jon Glenn, Chief Executive Officer, commented:
We have had a very solid first half of the year, with a number of significant milestones in our development pipeline being achieved. The strategy laid out over three years ago to achieve sustained organic growth is delivering. The award of the commercial supply contract on DEV610 is another substantial achievement in converting the pipeline into organic revenue growth. Our Innovation Team continues to perform strongly, most recently evidenced by the award of the NAS030 development contract, and the commercial unveiling of the novel Syrina®, Vapoursoft® and Lila® technologies.

The Board expects the organic growth initiatives, particularly from further development programme wins, to continue to convert into increased revenue and operating leverage for Consort over time. The Group also continues to evaluate suitable inorganic opportunities which are consistent with its strategy.

Consort is trading in line with its expectations, and the Board remains confident of its outlook for the full year

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