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Judges Scientific (JDG)

Judges Scientific (JDG) Full Year 22 Results presentation - March 23

24 March 2023

David Cicurel, CEO, Brad Ormsby, Group FD & Mark Lavelle, COO present the results for the year ended 31 December 2022. It was a record performance, they have a substantial order book and completed their largest acquisition of Geotek.

David Cicurel, CEO
00:17 Introduction & about Judges Scientific
03:29 Acquisition criteria
05:20 The Judges Group
06:04 Post acquisition
06:29 FY22 key messages

Brad Ormsby, CFO
08:38 Financial highlights
13:22 Performance
16:09 Order intake
18:13 Profit bridge
19:54 Return on total invested capital
21:20 Diversification
21:47 Financial history
22:57 Banking facilities

David Cicurel, CEO
24:20 Geotek acquisition
28:31 Further investment

Mark Lavelle, COO
29:08 Delivering organic growth

David Cicurel, CEO
33:15 Outlook
35:02 Investment case
36:25 Q&A

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group currently consists of 20 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen’s Awards for innovation and export.

The Group’s companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, Organic growth and dividends.

For further information, please visit

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