REG - Thorpe(F.W.) PLC - AGM Statement

FW ThorpeAnnouncement

18/11/2021 15:15

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RNS Number : 8627S  Thorpe(F.W.) PLC  18 November 2021

18 November 2021

FW Thorpe Plc

Annual General Meeting statement

 

 

At the Annual General Meeting of FW Thorpe Plc to be held at 3.15pm today,
Chairman, Mike Allcock, publishes the following statement:

 

"Since the beginning of the new financial year the Group has experienced the
usual ups and downs across its different businesses.  Overall, revenue is
marginally ahead with orders up more significantly compared to the same period
last year.

 

Our manufacturing continues to suffer from supply shortages and logistical
complications, especially related to electronic components and LED drivers.
These shortages are currently hampering our ability to lift revenues to a
higher level with some factories not able to operate at optimum output.

 

Following its acquisition in October, we have welcomed Zemper to our Group and
I am pleased to report that collaboration has already started well.

The sales order performance suggests our Group as a whole, and the market, is
in good shape. We need to see material supply conditions stabilise to enable
further improvement on last year's financial achievements."

 

 

 

For further information, please contact:

 

FW Thorpe Plc

Mike Allcock - Chairman and Joint Chief Executive
                                            Tel:  01527
583200

Craig Muncaster - Joint Chief Executive and Group Financial Director

 

Singer Capital Markets - Nominated Adviser and Broker

Steve Pearce/James Moat
 
 
Tel:  020 7496 3000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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