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OMG sets its sights on long-term growth

After a strong year of trading, the imaging group plans to ramp up growth investments
December 7, 2016

Film studios, hospitals and local authorities looked to OMG (OMG) for imaging technology in the reported period, driving adjusted pre-tax profits up 14 per cent to £5.6m. Following the launch of its strategic review this summer, management also outlined an ambitious five-year growth plan.

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Vicon sales leapt 19 per cent as Disney (US:DIS) and Electronic Arts (US:EA) used the motion-capture technology for Doctor Strange and Fifa 17, respectively. The division, which benefited from the new Vantage, Vero and Vue product lines, also signed a deal for gait-analysis systems with a major US hospital. Meanwhile, revenues rose 5 per cent at the infrastructure management division Yotta as it shifted towards more lucrative software and services, which grew from 55 per cent to 64 per cent of its turnover. That helped to widen OMG's gross margin by 2.7 percentage points to 65.9 per cent.

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