REG - LPA Group PLC - Contract Win, Record Order Entry & Trading Update

LPAAnnouncement

21/01/2020 07:05

RNS Number : 3805A
LPA Group PLC
21 January 2020
 


LPA GROUP PLC
("LPA" or the "Group")
World leading smart LED lighting contract Win, Record order entry and trading update
LPA Group Plc, the high reliability LED lighting and electro-mechanical system manufacturer, is pleased to announce contract selection for a world leading smart LED lighting system for a prestigious European-wide Inter City rolling stock project and a further contract award for electro-mechanical assemblies, for the UK rail sector.
This new rolling stock project has been won by Siemens Vienna and is part of an investment of up to €1.5bn announced in August 2018 by ÖBB (Austrian Federal Railways).  The project may total up to 700 passenger coaches over the next five years, if orders for the contract options are placed.  The rolling stock lighting technology will be one of the most advanced in the industry, continuing to reinforce LPA's position as a leading lighting provider to the worldwide rail market.
Trading update
As expected, the year to 30 September 2019 was very challenging, nevertheless, record order entry of £27.0m was achieved, and expectations should at least be met.
Paul Curtis, COO of LPA Group commented:
"The current financial year has started well, with order entry totaling £6.4m in the first quarter and increasing activity, which we expect to continue throughout this year and into the next. We have a strong orderbook, many opportunities to pursue and look forward to the future with confidence."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.



Enquires:


www.lpa-group.com


 


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


 


 










finnCap


(Broker)


 


020 7220 0500




Ed Frisby / Teddy Whiley (Corporate Finance)
Tim Redfern / Malar Velaigam (ECM & Sales)


 


 


 



 
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCKKKBKFBKDADB