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CHLD Chloride Grp.

374.60
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chloride Grp. LSE:CHLD London Ordinary Share GB0001952075 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 374.60 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Interim Management Statement

30/01/2008 7:02am

UK Regulatory


RNS Number:8259M
Chloride Group PLC
30 January 2008

30 January 2008


                              CHLORIDE GROUP PLC

                         INTERIM MANAGEMENT STATEMENT

                   FOR THE THREE MONTHS ENDING 31 DECEMBER 2007

The Board of Chloride Group PLC ("Chloride" or the "Company") is pleased to
provide the following interim management statement covering trading for the
third quarter of the year.

The positive trends which enabled the Company to deliver increases of 31% in
sales, 43% in operating profit and 39% in earnings per share for the first half
of the financial year have continued through the third quarter.  The product
order book again increased, and the operating margin has continued to strengthen
against the prior year.  Accordingly the full year results are expected to be
slightly ahead of management's previous expectations.

Organic sales growth was ahead of industry forecasts, indicating that we gained
market share in our main geographic markets.

In Europe we continued to make good progress, both organically and from the
recent acquisitions of Cener, Spain, Masterpower Electronics, UK and ASTE,
France.  We were proud to receive, in December 2007, the Frost and Sullivan
European UPS Company of the Year 2007 Award for exceptional growth in all
aspects of our European business.

In the Middle East performance has been strong in the energy and oil and gas
sectors.

In Asia Pacific we continued to expand rapidly, particularly through our
partnership with DB Power Electronics in India and our acquisition of Ascor
Power Systems in Singapore.

Commenting, Chief Executive Keith Hodgkinson said: "We continue to invest
throughout the business in expanding our solutions infrastructure and geographic
reach in line with our strategy for growth.  Orders remain strong and visibility
of further opportunities in the fourth quarter give us confidence in the
positive outlook for this financial year and the year ahead."


Enquiries:                                                 Telephone:

Chloride Group PLC                                         +44 (0) 20 7881 1440
       Keith Hodgkinson (Chief Executive)
       Neil Warner (Finance Director)

Hudson Sandler                                             +44 (0) 20 7796 4133
       Andrew Hayes/Kate Hough


Note to editors:

Chloride Group PLC (LSE: CHLD.L) is a world leader and the UK's number one
specialist provider of critical power protection solutions and services.  Secure
power is essential to ensure business continuity, and protect customers' systems
and processes from the damaging effects of poor quality electrical power, which
is prevalent in most world economies, including the USA and Europe.

Chloride provides Total Solutions for customers' critical power protection
needs, designed and tailored to their applications.  Their offer covers a
combination of expert system advice, proprietary equipment (including
uninterruptible power supply systems and power conditioners), ancillary
equipment (including diesel generators and control systems) and comprehensive
service and maintenance packages.

Covering a broad range of markets, Chloride supplies leading companies, for
which business continuity is paramount.  Market sectors include financial
services, manufacturing, government, transport, healthcare, telecoms (protecting
data centres and telephone network infrastructure), energy, petrochemicals and
oil and gas (protecting equipment in refining plants, storage facilities,
offshore drilling rigs and transportation pipe lines).

Underpinning the Company's Total Solutions approach is a commitment to providing
customers with excellent after sales service and support through a network of
highly qualified engineers and technical support staff. This is backed up by
Chloride's industry-leading diagnostic system, LIFE.net.

Headquartered in London, UK, Chloride has offices worldwide, serving blue chip
customers across Europe, Asia, Australia, North and South America.

Chloride's strategy is to continue its focus as a pure power protection company,
and to develop its capability as a Total Solutions provider in critical power
protection services.

For further information please visit the Group's website at
www.chloridegroup.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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