REG - Power Probe PLC - AGM Trading Update

Power ProbeAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260610:nRSJ6463Ha&default-theme=true

RNS Number : 6463H  Power Probe PLC  10 June 2026

10 June 2026

Power Probe PLC

("Power Probe" or the "Group")

AGM Trading Update

 

Power Probe (AIM: PWR), a leading producer of automotive electrical diagnostic
tools for professional service technicians, is pleased to issue the following
trading update ahead of its Annual General Meeting to be held at 9.00 a.m.
(BST) today.

Trading in 2026 remains encouraging and in line with management's
expectations.

The Group continues to make good progress on the delivery of its strategy and
as outlined at its full year results in April 2026, remains on course to
launch further new products during the second half of 2026.

The Group's focus on Power Probe branded products and its higher margin
private brands business, alongside current year pricing initiatives which have
been well absorbed by the market, have supported a strong recovery in Group
gross margin.

The planned timing of new product launches this year remains unchanged and
2026 revenues are expected to be second half weighted, in line with previous
guidance.

We continue to monitor the ongoing conflict in the Middle East, however we
have not experienced any material impact on our operations to date as import
routes via the Pacific Ocean and Panama Canal have not suffered any
significant dislocation.

The Group will issue a trading update for the first six months of 2026 ahead
of publication of its interim results.

Chema Garcia, Chief Executive Officer, commented:

"We're pleased to report an encouraging start to 2026 ahead of our first
Annual General Meeting as a listed business later today, with trading in the
year to date in line with our expectations. Against a backdrop of continuing
macroeconomic uncertainty, our team has been working hard to deliver excellent
strategic progress as we move towards the launch of a number of exciting new
products in the second half of 2026. We look forward to the opportunities in
the year ahead with confidence."

ENDS

 

CONTACT DETAILS

 Power Probe                                                 https://powerprobe.com/en/

                                                           (https://protect.checkpoint.com/v2/r02/___https:/powerprobe.com/en/___.YXAxZTpzaG9yZWNhcDpjOm9mZmljZTM2NV9lbWFpbHNfYXR0YWNobWVudDplNzNmYWViNjFhZDFiOWI4NTAzMTZmN2ViMDA4MmE2NDo3OjEyZWE6MDU0NDQzMTlmMDIxMjcwYzU2NGVmMDVlNGQ2MWU4ZTQ1OGQwZDkzYWRmYzc1ZWI2NjM5NjM4NjU2NDcyYWUzZTpwOkY6Tg)
 Chema Garcia, Chief Executive Officer

                                                           c/o Sodali & Co
 Fabio Medina, Chief Financial Officer

 Tom Marsh, Corporate Development & Investor Relations

 Shore Capital (Nominated Adviser & Broker)                  +44 (0)20 7408 4090

 Toby Gibbs / Harry Davies-Ball

 Sodali & Co                                                 +44 (0)78 5543 2699

 James White / Tilly Abraham / James Whitaker                powerprobe@client.sodali.com (mailto:powerprobe@client.sodali.com)

 

About Power Probe

Power Probe is a leading producer of automotive electrical diagnostic tools
for professional service technicians.

The Group was founded in 1992 in California, USA, and has grown to become an
internationally renowned brand, designing and distributing over 120 products.
It is driven by a relentless focus on product quality, continuous innovation
and customer care, as captured in its mission statement: "Simplifying
Automotive Diagnostics".

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMSSAFMUEMSEEM



            Copyright 2019 Regulatory News Service, all rights reserved