REG - Carr's Group PLC - Audit Timing and Trading Update

Carr'sAnnouncement

10/02/2023 15:30

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RNS Number : 6270P  Carr's Group PLC  10 February 2023

10 February 2023

 

Carr's Group plc

("Carr's", the "Company", or the "Group")

 

Audit Timing and Trading Update

 
Carr's (CARR.L), the Speciality Agriculture and Engineering group, announces
an update on the timing for the completion of its statutory audit and provides
a trading update.

Audit Timing

Further to the Group's announcement on 26 January 2023, completion of the
Group's statutory audit has been extended. Field work is essentially complete,
with the Company and its auditor Grant Thornton UK LLP ("GT") currently
concluding a small number of supplementary information requests to close out
routine testing. Final auditor internal review and quality checks have
commenced already.

GT and the Company will complete and release the audited results for the
financial year ended 3 September 2022 (the "Results") not later than Monday 27
February 2023.

The Group expects to report the Results in line with previous guidance.

Trading Update

Trading in the early part of the current financial year was strong, but became
more challenging in November and December 2022, with lower volumes of feed
blocks sold in both the USA and UK markets related to weather conditions, and
competitive pricing for tenders in the engineering division. Notwithstanding
these challenges, the Board remains of the view that trading for the full year
continues to match management expectations and a further update will be
provided at the half year.

 

Enquiries:

 Carr's Group plc                      +44 (0) 1228 554 600
 Peter Page, Executive Chair
 Matthew Ratcliffe, Company Secretary

 FTI Consulting                        +44 (0) 20 3727 1340
 Richard Mountain/Ariadna Peretz

 

 

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