Trading Update

LPA

03/06/2025 07:00

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)
Dan de Belder
Nick Moore
Francesca Rosser
+44 (0) 20 7796 4133


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

 

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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