Petards Group PLC Trading Update (1499U)
28 July 2015 - 4:00PM
UK Regulatory
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RNS Number : 1499U
Petards Group PLC
28 July 2015
28 July 2015
Petards Group plc
("Petards" or the "Group")
Trading Update
Petards, the AIM quoted developer of advanced security and
surveillance systems, is pleased to provide an update on trading
following the end of its financial half year on 30 June 2015.
The Group has continued to trade profitably in line with the
Board's expectations for the six months ended 30 June 2015. Margins
for the first half of the year will be significantly higher than
those for the corresponding period in 2014 on lower revenues,
reflecting the changed product mix which last year included a
substantial amount of lower margin hardware deliveries to the MOD
in respect of the RAF's SMRE project.
Petards' interim results for the six months ended 30 June 2015
will be announced on 8 September 2015.
Raschid Abdullah, Chairman of Petards Group plc said: "Trading
for the first half year provides support for the Board's strategy
of developing Petards' profitability and cash generation from a
solid base. In line with current contracted customer delivery
schedules, revenues for 2015 as a whole are anticipated to be
weighted towards the second half year. While it is too early in the
second half of the year to predict with accuracy the result for the
year, the strength of the contracted customer delivery schedules
gives the Board confidence for a satisfactory outcome."
**ENDS**
For further information:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
Andy Wonnacott, Finance Tel: 0191 420 3000
Director
WH Ireland Limited, Nomad www.wh-ireland.co.uk
and Joint Broker
Mike Coe, Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
St Brides Partners Ltd www.stbridespartners.co.uk
Elisabeth Cowell, Charlotte Tel: 020 7236 1177
Heap
Notes
Petards is a cash generative global supplier of products to
original equipment manufacturers ('OEMs'), system integrators and
end users in the rail, security and defence markets in new build,
refurbishment and retrofit applications. The Company delivers
ruggedised electronic solutions including video and sensor data
surveillance, radio communications and threat simulation systems on
mobile platforms. Petards offers a range of services, supporting
its own and third party systems, spanning custom development,
manufacturing, commissioning, maintenance and obsolescence
management. Further information on its three product areas is
included below:
Transport
Petards' market-leading eyeTrain technology provides leading
edge products for on-board train video and sensing solutions,
including Driver Only Operation Systems, Passenger Counting
Systems, Saloon and Drivers View Video and Condition Based
Monitoring. These systems have been chosen for installation on
thousands of rail vehicles around the globe, helping to reduce
operating costs, increase safety and improve passenger
satisfaction.
Emergency Services
Petards' ProVida is one of the world's leading in-car police
speed detection, surveillance and ANPR (Automatic Number Plate
Recognition) brands, comprising four components: In-Car Video,
Speed Enforcement, ANPR Systems and ANPR cameras. As well as
Petards' systems being used by many of the UK's police forces, the
brand has stretched to over 20 countries.
Defence
Petards provide a range of specialist engineering services to
the defence sector. The Company has established a strong reputation
for being a responsive, flexible and reliable partner in delivering
challenging military programmes. Petards excels in the disciplines
of Communications and Information Systems, Electronic
Countermeasure Systems, Ruggedised Electronic Control Systems and
in the provision of Engineering Services to UK MoD and other NATO
countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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