REG - Thorpe(F.W.) PLC - Final Results <Origin Href="QuoteRef">TFW.L</Origin> - Part 2

FW ThorpeAnnouncement

17/09/2015 07:00

- Part 2: For the preceding part double click  ID:nRSQ3057Za 

day. 
 
The goodwill relates to the ongoing level of profitability of the business
model, opportunity to sell existing Group products into the Dutch market and
potential sourcing benefits for other Group companies. 
 
The Borrowings of £1,920,000 were fully repaid on 1 April 2015
post-acquisition. 
 
Lightronics Participaties BV contributed £3,275,000 in revenue, and £481,000
to the group's operating profit for the period between the date of acquisition
and the balance sheet date.  On an annualised basis based on the 2014/15
accounting period, revenue would have been £10,900,000 and an operating profit
of £1,200,000. 
 
11 Cautionary statement 
 
Sections of this report contain forward looking statements that are subject to
risk factors including the economic and business circumstances occurring from
time to time in countries and markets in which the Group operates. By their
nature, forward looking statements involve a number of risks, uncertainties
and future assumptions because they relate to events and/or depend on
circumstances that may or may not occur in the future and could cause actual
results and outcomes to differ materially from those expressed in or implied
by the forward looking statements. No assurance can be given that the forward
looking statements in this preliminary announcement will be realised.
Statements about the Chairman's expectations, beliefs, hopes, plans,
intentions and strategies are inherently subject to change and they are based
on expectations and assumptions as to future events, circumstances and other
factors which are in some cases outside the Company's control. Actual results
could differ materially from the Company's current expectations. It is
believed that the expectations set out in these forward looking statements are
reasonable but they may be affected by a wide range of variables which could
cause actual results or trends to differ materially, including but not limited
to, changes in risks associated with the Company's growth strategy,
fluctuations in product pricing and changes in exchange and interest rates. 
 
12 Annual report and accounts 
 
The annual report and accounts will be sent to shareholders on 16 October 2015
and will be available on the Group's website (www.fwthorpe.co.uk) from that
time. The group will hold its AGM on 12 November 2015. 
 
This information is provided by RNS
The company news service from the London Stock Exchange