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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 : 7715R
TP Group PLC
14 December 2016
14 December 2016
This announcement contains inside information
TP Group plc
("TP Group" or the "Company")
Trading Update
FY16 EBITDA likely to significantly exceed current market expectations with FY17 materially ahead of current market expectations
TP Group (AIM: TPG), the specialist services and engineering group, announces the following trading update.
The TP Group Board is pleased to announce that the business performance in FY16, in terms of EBITDA, is likely to significantly exceed current market expectations. In addition, subject to the receipt of expected payments, the Group's year-end cash position is also likely to exceed expectations. The Company expects to make a further update in January 2017 and to announce audited results for the year ending 31 December 2016 in April 2017.
In addition, due primarily to recent contract wins and a strong order pipeline (including the two sole source MoD contracts announced in July and August 2016) the TP Group Board is pleased to confirm that it expects the outturn for the 2017 financial year, in terms of EBITDA, will be materially ahead of current market expectations.
Phil Cartmell, Chief Executive of TP Group, commented
"We have made excellent progress during the year, capturing a number of new strategic orders and generally increasing margins across the business. A strong platform has been built for 2017 and the management will also continue to look for acquisition opportunities. The Board looks forward to the future with confidence."
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 Stephen Keys / Mark Connelly www.cenkos.com Vigo Communications Tel: 020 7830 9700 Jeremy Garcia / Fiona Henson 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
TSTBIBDDCUBBGLX
(END) Dow Jones Newswires
December 14, 2016 02:00 ET (07:00 GMT)
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