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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tp Group Plc | LSE:TPG | London | Ordinary Share | GB0030591514 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTPG
RNS Number : 8086B
TP Group PLC
15 January 2018
15 January 2018
TP Group plc
("TP Group" or the "Company" or the "Group")
Trading Update and Notice of Results
TP Group (AIM: TPG), the specialist services and engineering group, is pleased to report that the Group's trading for the year ended 31 December 2017 remained positive and in line with market expectations.
The Company demonstrated ongoing progress with substantial growth in revenues, EBITDA, and order intake during the period. These successes have been achieved through a combination of contract wins in the UK and internationally, earnings accretive acquisitions and continual improvement in operational efficiencies.
During 2017, the Company completed a number of strategically important acquisitions, namely: ALS Technologies Ltd and FSS Software Solutions Ltd in February, and Polaris Consulting in December. These acquisitions have broadened the Company's capabilities and resources, adding software development, cost engineering, project controls, modelling and operational analysis services in our established core markets. Management continues to evaluate a healthy pipeline of acquisition opportunities, which have the potential to further strengthen the Group.
The Company expects to announce its audited results for the year ended 31 December 2017 in April 2018.
Phil Cartmell, Chief Executive Officer of TP Group commented:
"We made excellent progress in 2017, growing the business organically and also acquiring capacity and capability that is complementary to our core business. We converted a number of new strategic orders and have successfully built a strong operational platform for 2018, despite challenging trading conditions in both the defence and energy sectors, which is testament to the expertise and skill of our people.
"As a management team, we continue to evaluate additional acquisition opportunities which we believe will further contribute to the growth of our business. The board therefore continues to remain confident in the prospects for the Group."
For further information, please contact:
TP Group plc Tel: 01753 285 810 Phil Cartmell, Chief Executive Officer Derren Stroud, Chief Financial Officer www.tpgroup.uk.com Cenkos Tel: 020 7397 8980 Mark Connelly / Callum Davidson www.cenkos.com Vigo Communications Tel: 020 7830 9701 Jeremy Garcia / Fiona Henson / Emma Lord www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NORGGURPGUPRPUC
(END) Dow Jones Newswires
January 15, 2018 02:00 ET (07:00 GMT)
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