Abcam Plc announces the following unaudited trading update ahead of its results for the six months ended 31 December 2017. Catalogue revenue grew by over 11% in the first half of the year, with all product categories growing ahead of estimated underlying market growth rates. Custom products and licensing revenue, which represented over 6% of the total for the period, increased by approximately 8%.

Business in China continues to operate well and expect revenue growth of over 24% in the first half, ahead of the market growth rate in the territory.

Overall, The company expects to report revenue growth for the first half of approximately 11% on a constant currency basis and approximately 10% on a reported basis. The company remain on track to deliver against constant currency revenue growth target of around 10% for the full year.