REG - Northern Bear Plc - Trading Update

Northern BearAnnouncement

12/09/2023 07:00

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RNS Number : 0795M  Northern Bear Plc  12 September 2023

12 September 2023

Northern Bear plc

("Northern Bear" or the "Company")

 

Trading Update

 

The Board of Directors (the "Board") of Northern Bear (LSE:NTBR), the AIM
listed group of companies providing specialist building and support services
to customers in Northern England and across the UK, is pleased to provide an
update on trading for the Company and its subsidiaries (together, the "Group")
ahead of its Annual General Meeting at 2.00pm today at A1 Grainger, Prestwick
Park, Prestwick, Newcastle upon Tyne, NE20 9SJ.

Ahead of that meeting Northern Bear confirms that the Group has continued to
trade in line with management's expectations since publication of the
preliminary results on 17 July 2023.  Trading in the new financial year from
1 April to 31 July is ahead of strong prior year results for the same period,
and site activity levels remain high despite the ongoing economic challenges
and their related impact on the construction industry.

The Group's interim results are expected to be released in November 2023, at
which point the Board will provide further guidance as to the full financial
year ending 31 March 2024 as we continue to monitor ongoing uncertainties in
the economic climate in which we operate, including challenges with attracting
and retaining high quality employees in the construction industry.

Jeff Baryshnik, Non-Executive Chairman of Northern Bear, commented:

"I am delighted that whilst relatively early in the Group's financial year,
our forward order book remains robust and is expected to support full year
results in line with management's and the market's expectations."

 

For further information, please contact:

 Northern Bear PLC                          +44 (0) 166 182 0369

 Jeff Baryshnik - Non-Executive Chairman

 Tom Hayes - Finance Director

 Strand Hanson Limited (Nominated Adviser)  +44 (0) 20 7409 3494

 James Harris

 James Bellman

 

 Hybridan LLP (Nominated Broker)  +44 (0) 20 3764 2341

 Claire Louise Noyce

 

 

 

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