LPA Group PLC AGM Trading Update (5035T)
21 March 2019 - 6:00PM
UK Regulatory
TIDMLPA
RNS Number : 5035T
LPA Group PLC
21 March 2019
LPA GROUP PLC
("LPA" or the "Group")
AGM Trading Update
At the AGM of the Group to be held at 12.00 noon today, Peter
Pollock, Chairman, will make the following statement:
"In my commentary published in January, I reported that the
current year had started quietly, with delays to some major rail
projects including Crossrail, with demand expected to pick up
substantially as the year progresses.
As expected, the results for the first half will be affected by
these delays. However, we now have delivery schedules for the
delayed programmes and have won new contracts, which, as and when
delivery dates are confirmed, should make the work load for the
second half and the medium term potentially very pleasing.
Order intake for the first five months of the financial year is
at record levels. Our businesses have all won significant new
contracts, in home as well as export markets, for rail vehicle
under frame structures, lighting systems and passenger power
outlets. In particular LPA Lighting Systems have been selected to
supply products for a large French high-speed double decker train
programme.
Bidding activity remains high, filling our funnel of
opportunities and our pipeline of potential orders.
Our distribution business, LPA Channel Electric, is performing
particularly well.
In due course, these factors should combine to give us
confidence that the year as a whole will be satisfactory and result
in a strong performance in the medium term.
I am very pleased to report that our new board structure is
working well, with renewed energy and enthusiasm. We face the
future with confidence."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquires: Tel:
--------------------- --------------------- --------------
LPA Group Plc
Peter Pollock Chairman 01799 512844
Paul Curtis COO 01799 512858
Chris Buckenham CFO 01799 512859
Cairn Financial
Advisers (Nominated Adviser) 020 7213 0880
James Caithie /
Tony Rawlinson
WH Ireland (Broker) 0117 945 3472
Mike Coe / Chris
Savidge
Instinctif Partners (PR Adviser) 020 7457 2020
Mark Garraway /
Rosie Driscoll
/
Christine Galloway
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END
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