REG - LPA Group PLC - AGM Trading Update

LPAAnnouncement

21/03/2019 07:05

RNS Number : 5035T
LPA Group PLC
21 March 2019
 


LPA GROUP PLC
("LPA" or the "Group")
 
AGM Trading Update
 
At the AGM of the Group to be held at 12.00 noon today, Peter Pollock, Chairman, will make the following statement:
 
"In my commentary published in January, I reported that the current year had started quietly, with delays to some major rail projects including Crossrail, with demand expected to pick up substantially as the year progresses.
 
As expected, the results for the first half will be affected by these delays. However, we now have delivery schedules for the delayed programmes and have won new contracts, which, as and when delivery dates are confirmed, should make the work load for the second half and the medium term potentially very pleasing. 
 
Order intake for the first five months of the financial year is at record levels. Our businesses have all won significant new contracts, in home as well as export markets, for rail vehicle under frame structures, lighting systems and passenger power outlets.  In particular LPA Lighting Systems have been selected to supply products for a large French high-speed double decker train programme.
 
Bidding activity remains high, filling our funnel of opportunities and our pipeline of potential orders.
Our distribution business, LPA Channel Electric, is performing particularly well. 
 
In due course, these factors should combine to give us confidence that the year as a whole will be satisfactory and result in a strong performance in the medium term.
 
I am very pleased to report that our new board structure is working well, with renewed energy and enthusiasm. We face the future with confidence."
 
 
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 



Enquires:


 


 


Tel:




 


 


 


 




LPA Group Plc


 


 


 




Peter Pollock


Chairman


 


01799 512844




Paul Curtis


COO


 


01799 512858




Chris Buckenham


CFO


 


01799 512859




 


 


 


 




Cairn Financial Advisers


(Nominated Adviser)


 


020 7213 0880




James Caithie /


 


 


 




Tony Rawlinson


 


 


 




 


 


 


 




WH Ireland


(Broker)


 


0117 945 3472




Mike Coe / Chris Savidge


 


 


 




 


 


 


 




Instinctif Partners


(PR Adviser)


 


020 7457 2020




Mark Garraway /


 


 


 




Rosie Driscoll /


 


 


 




Christine Galloway


 


 


 



 




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