WDNY Widney

    RNS Number : 8509E
  Widney PLC
  01 October 2008
   

    Widney plc

    Trading Announcement

    Widney plc is the holding company for Widney UK and Widney Pressings.  

    Widney UK designs and manufactures window systems for specialist vehicles and telescopic slides. Widney Pressings produces pressed
components and metal assemblies for the automotive original equipment and after-market sectors. 

    The board announces that following a fall in demand from a number of the Group's key customers the results for the year ended 30
September 2008 are expected to fall below market expectations and show a small loss.

    Orders reduced as expected at the time of key customers normal seasonal slowdown over the summer. This expected decline was exacerbated
by extended shutdowns and lower than expected schedules from some of the Group's key customers. To date the expected improvement in demand
has not occurred and the Group has little visibility on orders beyond 31 December 2008.  

    The Group is actively managing its costs to bring them in to line with the current level of demand. 

    1 October 2008

    Enquiries:

 Widney Plc                          Tel: 0121 327 5500
 Joe Grimmond, Chairman
 Graham Errington, Finance Director

 FinnCap                             Tel: 0207 600 1658
 Clive Carver

 College Hill                        Tel: 020 7457 2020
 Richard Pearson


This information is provided by RNS
The company news service from the London Stock Exchange
 
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