Kromek Group plc announced that Mr. Lawrence Kinet has taken on the position of Interim Chairman with immediate effect.

As announced on 16 March 2015 the company secured a £3 million revolving credit facility. The funds available through the facility will be used for working capital to support the growth of the business, and facilitate the Company in capitalising on the large and increasing opportunities that it continues to develop across its target markets.

The company provided earnings guidance for the year ending April 30, 2015. For the year, the company expects to report full year revenues for the twelve months ending 30 April 2015 of £8.1 million. This represents year on year growth of 38% and growth from the first half to the second half of 53% (which, for the reasons detailed above, is lower than the 100% sequential growth anticipated in the Interims). However, consistent with what was stated at the time of the Interims, based on current favourable revenue mix and tight cost control the Company expects full year EBITDA to be in line with market expectations, including being EBITDA-positive for the second six months of the year.