OMG maps out its future.
Investors Chronicle - magazine and web content, June, 2007
While its main business continues to grow, OMG's mapping division is stealing the limelight Tim Bradshaw
Oxford Metric Group's main business, Vicon, is best known for its blockbuster film special effects. But 56 per cent of the imaging equipment unit's revenues still come from life sciences customers, such as Guy's Hospital, where deals are smaller but more dependable.
Underlying revenues (at constant exchange rates) grew 9 per cent and operating margins increased to 16 per cent, reflecting dollar-based costs and Vicon's 70 per cent market share. Increased inventory, and therefore working capital, from a new camera launch has held back cash generation, but this is expected to clear in the second half. This will be important, because two new divisions...
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