Bilby PLC Trading Update (0632F)
15 May 2017 - 4:00PM
UK Regulatory
TIDMBILB
RNS Number : 0632F
Bilby PLC
15 May 2017
15 May 2017
Bilby Plc
("Bilby" or the "Group")
Trading Update
Bilby Plc (AIM: BILB.L), the holding company for P&R
Installation Company Limited, Purdy Contracts Limited, Spokemead
Maintenance Limited and DCB (Kent) Limited, a group of companies
that provide gas heating, electrical and building services, gives
the following trading update. This follows the announcement on 12
April 2017.
The Group is pleased to announce that as a result of its leading
reputation and continued focus on operational excellence, a number
of existing clients broadened the scope of work to be undertaken by
Bilby companies in advance of the Group's year end. Additionally,
customers that had awarded work to Bilby which was set to start in
the current financial year, requested the Group commence work
earlier than previously anticipated. The Group's year end audit is
underway and the combined result of these developments means that
in the year to 31 March 2017, Bilby expects to achieve EBITDA of
not less than GBP3.6million.
In addition, continued investment into operational systems and
efficiencies during 2017 has enabled the Group to increase its
positive cash reserves at the year end, which stood at GBP2.1
million (unaudited). Bilby continues to retain a GBP2.25m working
capital facility.
The Group's audited financial results for the year ending 31
March 2017 will be announced before the end of June 2017.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Bilby Plc 020 8269 3777
Phil Copolo, Deputy Executive Chairman
Northland Capital Partners Limited 020 3861 6625
(Nominated Adviser and Broker)
Corporate Finance:
David Hignell
Matthew Johnson
Patrick Claridge
Sales and Broking:
Bob Pountney
John Howes
Hudson Sandler 020 7796 4133
(Financial PR)
Charlie Jack
Emily Dillon
This information is provided by RNS
The company news service from the London Stock Exchange
END
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