REG - LPA Group PLC - AGM Statement

LPAAnnouncement

19/03/2025 07:15

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RNS Number : 2028B  LPA Group PLC  19 March 2025

19 March 2025

LPA GROUP PLC

("LPA", the "Company" or the "Group")

AGM Statement

At the 2025 Annual General Meeting of the Group to be held at 12.00 noon later
today, Robert B Horvath, Chairman, will make the following statement: "Trading
in the first five months of the financial year, together with the current year
orderbook and pipeline, leave us on track to deliver full year market
expectations. As described in the Company's final results, we expect to
deliver a much stronger operating performance in the second half of this
financial year compared to the current first half. We were pleased to announce
recent contract awards in December, February and March. The restructuring of
the LPA Group that began in 2024 has gathered pace since the arrival of our
new CEO, Dr Philo Daniel-Tran in January 2025.

On 17 March 2025 we announced the completion of our 'bolt-on' acquisition of
what is going to be called 'LPA Martek Power' and our strategic plan is to
integrate the outsourced manufacturing requirements into the Group's
facilities.

Our aviation products continue to sell well through our global distribution
network and our engineering solutions business is growing in response to the
changing landscape in the global military and defence markets.

The UK Government's plans to re-nationalise the railways are progressing quite
rapidly through Parliament. With a reduction in Capex spend and adjustments in
maintenance schedules, train manufacturers, owners and operators are focused
on short-term planning, yet with an expectation ultimately of longer service
lives for existing stock. This aftercare rail market is a key sector for LPA
and we anticipate refurbishment programmes well into 2030 and beyond."

 

For further information, please contact:

 LPA Group plc                                                       Tel: +44 (0) 1799 512800

 Robert B Horvath, Chairman                                          www.lpa-group.com

 Philo Daniel-Tran, Chief Executive Officer

 Stuart Stanyard, Chief Financial Officer
 Cavendish Capital Markets Limited (Nominated Adviser & Broker)      Tel: +44 (0) 20 7220 0500

 Corporate Finance

 Ed Frisby / Isaac Hooper / Elysia Bough

 Corporate Broking

 Tim Redfern
 Hudson Sandler (Financial PR)                                       Tel: +44 (0) 20 7796 4133

 Dan de Belder

 Nick Moore

 Francesca Rosser

 

About LPA

LPA Group plc (AIM: LPA) is an innovation-led engineering specialist in
electronic and electro-mechanical components and systems.

Focused on transport (rail and aviation), aerospace, defence, infrastructure
and industrial markets and supplying into hostile and challenging
environments, LPA is known for engineering solutions to improve product
reliability, reducing maintenance and life cycle costs.

The Group has three sites across the UK, selling to customers in the UK and
overseas. Two of these are design and manufacturing sites: Saffron Walden,
Essex - electro-mechanical systems for rail, aviation and industrial;
Normanton, Yorkshire - LED lighting and electronic systems for rail and
infrastructure. The third site is Thatcham, Berkshire - value-added
distribution of engineered components for rail, aerospace and defence.

With over 150 years of UK design and manufacture, and with origins in the
first ever light installed in 'Electric Avenue', Brixton; innovation is core
to LPA and to the products and services supplied to our customers worldwide.

For more information visit www.lpa-group.com (http://www.lpa-group.com/)

 

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