REG - Rosebank Industries - AGM Trading Update

ROSEBANK INDUSTRIESAnnouncement

Today 07:00

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RNS Number : 3161D  Rosebank Industries PLC  07 May 2026

7 May 2026

ROSEBANK INDUSTRIES PLC

                  ("ROSEBANK" OR THE "COMPANY" OR THE "GROUP")

 

AGM TRADING UPDATE

 

ECI TRADING IN LINE WITH FULL YEAR EXPECTATIONS; COMPLETION OF MW COMPONENTS
AND CPM ACQUISITIONS ON TRACK

 

Rosebank Industries plc announces the following trading update for the period
of 1 January to 30 April 2026 ("the Period").

 

ECI trading performance in the Period

 

ECI has delivered a good performance in the first four months of the year and
is trading in line with current full year market expectations.

 

·    The Electrification & Industrial division has performed well with
revenue up year-on-year, though this has been offset by a revenue decline in
the Appliance & HVAC division - driven by the decision to exit certain low
margin business and well-documented headwinds at global appliance and HVAC
manufacturers

 

·    ECI adjusted operating profit and margin are trending in line with
current full year market expectations and up significantly year-on-year

 

·    Good progress continues to be made on the initial 24-month
restructuring programme and, as planned, the exit of costly working capital
customer factoring and supplier finance arrangements has been completed

 

·    Management continue to fully recover all tariffs incurred

 

·    We continue to pursue an active pipeline of bolt-on acquisition
opportunities for ECI while being cautious through this period of geopolitical
uncertainty. We also see a pipeline of bolt-on acquisition opportunities for
CPM's aftermarket business, and all three of MW Components' divisions

 

MW Components and CPM

 

·    We expect to complete the acquisition of CPM next week and to
complete the acquisition of MW Components a few weeks thereafter

 

Admission to the Main Market

 

·    As expected, Rosebank completed its admission to the Main Market of
the London Stock Exchange on 1 May 2026. The Company anticipates inclusion in
the next Quarterly Review of the FTSE 250 Index

 

Simon Peckham, Chief Executive of Rosebank Industries plc, today said:

 

"We are pleased with the performance of ECI which is in line with expectations
and our acquisition plan. We also look forward to completing the acquisitions
of MW Components and CPM. While mindful of the geopolitical backdrop, we
continue to focus on operational improvement plans, and look forward with
confidence, as a US-focused, diversified group of strong businesses."

 

ENDS

 

 

 

 

Enquiries:

Rosebank Industries plc:

Simon Peckham                               Chief Executive

Matthew Richards                           Group
Finance Director

 

Investor Relations:

Chris Dyett
                +44 (0) 7974 974 690, ir@rosebankindustries.com
(mailto:ir@rosebankindustries.com)

 

Montfort Communications:

Nick Miles
                +44 (0) 7739 701 634, miles@montfort.london
(mailto:miles@montfort.london)

Charlotte McMullen                       +44 (0) 7921 881
800, mcmullen@montfort.london (mailto:mcmullen@montfort.london)

 

 

 

 

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