REG - LPA Group PLC - Trading Update <Origin Href="QuoteRef">LPA.L</Origin>

LPAAnnouncement

01/11/2017 07:01

RNS Number : 1588V
LPA Group PLC
01 November 2017
LPA GROUP PLC
("LPA" or the "Group")
LPA Group Plc, theLED lighting and electro-mechanical system manufacturer and distributor, is pleased to provide the following trading update for the financial year ended 30th September 2017.
Further to the Chairman's Statement issued with the interim results on 26 June 2017 which confirmed that the Group had established itself on a new trading level, output during the second half was at record levels and, given the volume of deliverable orders on hand, this is likely to be sustained during the new financial year. Margins, which had been depressed by an unfavourable product mix in the first half, responded well to higher volumes and manufacturing efficiencies have improved significantly. Expectations for the year just closed anticipated significant progress and the Board believes it has delivered on this.
The new lighting facility in Yorkshire and the electro-mechanical facility in Saffron Walden, both achieved record levels of output, challenging the increased capacity recently created and further investment in plant and equipment is planned. 
The UK market has been buoyant, looks well set for the future and is well supported by export opportunities in Europe, Asia and Australia.
The Group remains very confident of further progress in the current year.
1 November 2017
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.
ENQUIRIES:
LPA Group plc

Peter Pollock, Chief Executive
Tel: 07881 626123 or 01799 512844
Steve Brett, Finance Director
Tel: 07881 626127 or 01799 512860


Cairn Financial (Nominated Adviser)
Tel: 020 7213 0880
James Caithie / Tony Rawlinson



WH Ireland (Broker)
Tel: 0113 394 6600
Tim Feather / Ed Allsopp



Instinctif Partners (PR Adviser)
Tel: 020 7457 2020
Mark Garraway / Helen Tarbet


This information is provided by RNS
The company news service from the London Stock Exchange
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