- AIM-listed businesses focused on clock-in and security equipment
- Demand for perspex screens has picked up
- But waiting to see profit impact from coronavirus lockdown
What it does
Newmark has two arms: Grosvenor, which specialises in clocking-in equipment and door access and security systems, and Safetell, which makes asset protection equipment such as screens for banks and now shops.
How it’s doing
In May Newmark Security PLC (LON:NWT) said demand for hygiene screens and night pay hatches has risen due to the coronavirus (COVID-19) outbreak, but noted that the overall impact of the pandemic remains uncertain.
In a trading update for the year to April 30, 2020, the AIM-listed group said activity in the second half of the year was broadly in line with management’s expectations, though had started to slow from April onwards.
As a result, revenues for the year will be slightly below the previous twelve months though the impact on group operating profit is not yet clear, the group added.
The impact was more marked in the UK than the US operations, it noted.
Safetell has seen a boost from retailers for perspex screens, while Grosvenor has prioritised technical support for NHS sites
“Although the group’s divisions have continued to operate, it is not possible at this stage to know what the impact of COVID-19 will be on trading for the current year,” Newmark added in the statement.