REG - LPA Group PLC - Trading Update

LPAAnnouncement

03/06/2025 07:00

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RNS Number : 1062L  LPA Group PLC  03 June 2025

3 June 2025

LPA GROUP PLC

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

Trading Update

LPA Group plc, the innovation-led engineering specialist in electronic and
electro-mechanical components and systems, provides a trading update for the
current financial year ending 30 September 2025. The Company has received
revised customer delivery schedules for two of its rail contracts currently in
production. The rail products are for end user customers in the UK and EU. The
revised delivery schedules have resulted in changes to management expectations
as follows.

For the current financial year ending 30 September 2025, full year Group
revenues are expected to reduce by c.£1.4m to c.£24.5m. This would result in
full year adjusted PBT, and reported PBT, reducing to a loss of £0.5m.

For the financial year ending 30 September 2026, revenues and earnings are not
expected to be impacted and current guidance of revenue and adjusted PBT of
£28.5m and £0.6m are maintained.

Despite this revised schedule, we remain focused on delivering against our
long-term growth strategy across our transport (rail and aviation), aerospace,
defence, infrastructure and industrial markets.

 

Robert B Horvath, Chairman of LPA Group, commented:

"We are pleased to report that, notwithstanding the changing call off
schedules on some of our rail project work, we have had very strong order
intake of £17m in the first half of the current financial year, and this
being predominantly for standard products.

We are fully committed to delivering a more robust business and I am satisfied
that our strategy is working; the business remains well positioned for future
profitability and to grow as we have indicated. There is a huge amount of
change going on in the rail industry as the Government embarks on the creation
of Great British Rail ("GBR"), the dissolution of the franchises and its
renationalisation programme. Change will lead to opportunity and our Teams
are working hard to be there and supportive of all our clients' needs."

 

 Enquires:

 LPA Group plc                                                   +44 (0) 1799 512 800
 Robert B Horvath, Chairman
 Philo Daniel-Tran, Chief Executive Officer

 Stuart Stanyard, Chief Financial Officer

 Cavendish Capital Markets Ltd (Nominated Advisor  and Broker)   +44 (0) 20 7220 0500
 Corporate Finance

 Ed Frisby / Issac Hooper / Elysia Bough

 Corporate Broking

 Tim Redfern

 Hudson Sandler (Financial PR)                                   +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 four sites across the UK, selling to customers in the UK and
overseas. Three of these are design and manufacturing sites: Saffron Walden,
Essex - electro-mechanical systems for rail, aviation and industrial;
Knapwell, Cambridge - power supplies for the rail market, Normanton, Yorkshire
- LED lighting and electronic systems for rail and infrastructure. The fourth
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)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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