Quadnectics / Synectics Sales Decline 2nd Half 2009

By John Honovich, Published Mar 13, 2010, 07:00pm EST

UK manufacturer Quadnectics, parent company of video surveillance supplier Synectics, reported continued decline in sales for the 2nd Half of 2010.

In their Interim Results for 2nd half 2009 (calendar year), Quadnectics discloses the following key data points:

  • Security Systems Service division revenue fell from 22.8 GBP to 17.4 GBP from 2H 2008 to 2H 2009 (23.6% revenue decline). Despite the sharp fall, Quadnectics projects an uptick in orders in the upcoming period.
  • Synectics Network video surveillance revenue fell from 5.8 GBP to 4.9 GBP from 2H 2008 to 2H 2009 (15.5% revenue decline). North American casinos project delays are cited as a key factor.
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