Ricardo PLC Trading Update (6779N)
22 January 2019 - 6:00PM
UK Regulatory
TIDMRCDO
RNS Number : 6779N
Ricardo PLC
22 January 2019
22 January 2019
Ricardo plc
Ricardo plc ("Ricardo") is a global engineering, technical,
environmental and strategic consultancy business, which also
manufactures and assembles low-volume, high-quality and
high-performance products.
Ricardo is today providing an update ahead of its interim
results in respect of the six months ended 31 December 2018.
Ricardo plans to announce its interim results on 28 February
2019.
In the six-month period, the Group as a whole traded in line
with our expectations and plans. Total order intake was good at
just over GBP200m, the order book at the period end was GBP300m and
revenue was slightly ahead of the prior period. Net debt as at 31
December 2018 was GBP27.5m. Our continued strategy of market sector
and geographic diversification has again supported the Group. In
the period, the challenging and volatile US and UK Automotive
market conditions were balanced by good performances in our
Performance Products business (including Software) and in all our
other Technical Consulting businesses, with Energy &
Environment, Defence, China Automotive and Strategic Consulting
performing particularly well.
Further enquiries:
Ricardo plc
Dave Shemmans, Chief Executive
Officer Tel: 01273 455611
Ian Gibson, Chief Financial Officer
Website: www.ricardo.com
Newgate Communications Tel: 020 7653 9842
Adam Lloyd, Ian Silvera, Imogen Email: ricardo@newgatecomms.com
Humphreys
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END
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