BRAM Brammer

RNS No 7849k
BRAMMER PLC
25 May 1999

                                   BRAMMER
                      CHAIRMAN'S AGM TRADING STATEMENT
                                      
                                      
At  the  annual  general  meeting  today, the  Chairman  made  the  following
statement to shareholders:

" In March, when I reported to you on our 1998 performance, I said that there
were  early  signs that the UK economy may have bottomed.  That  remains  the
case but as yet we see no evidence of any upturn in industrial activity.  Our
UK businesses are down on the first four months of 1998 but much in line with
the second half of that year.

"In continental Europe our distribution businesses are generally experiencing
markets slightly softer than at this time last year but, we continue to  grow
at a moderate rate.

"Our  Livingston Group continues to expand quickly.  We have today announced
the  acquisition  of the commercial calibration division of Tektronix  Espana
and  our appointment as Authorised Service Provider to both Tektronix and its
Spanish  customers.  Livingston sales are well ahead of  last  year  and  are
particularly strong in Germany.  Recent outsourcing contracts to  manage  the
test  and  measurement inventories - for Thomson-CSF across  France  and  KPN
Telecom  throughout Holland - will build gradually as we engage  the  various
operating sites.  However, the first half contribution will be minimal.

"Despite  continuing  difficult conditions in the UK and  the  strengthening
pound  we  expect profits in the first half to 30 June 1999 to be around  the
same level as the second half of 1998."

Enquiries:  Brammer plc                            0161-928 3363
            Robert Ffoulkes-Jones, Chairman
            Ian Fraser, Chief executive


Issued by:  Citigate Dewe Rogerson                 0171-638 9571
            Martin Jackson / Duncan Murray

END

CAGBEFFLKEKLBKD

Brammer (LSE:BRAM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Brammer (LSE:BRAM)
Historical Stock Chart
From Jul 2023 to Jul 2024