We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bilby Plc | LSE:BILB | London | Ordinary Share | GB00BV9GHQ09 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 39.00 | 38.00 | 40.00 | 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
TIDMBILB
RNS Number : 8137R
Bilby PLC
05 March 2019
5 March 2019
Bilby plc
("Bilby" or the "Company")
Trading Update
Bilby Plc, a leading gas heating, electrical and building services provider, announces the following trading update for year ending 31 March 2019.
The second half has seen a continuation of certain challenging customer circumstances originally announced in the interim statement in December 2018.
As previously announced P&R, one the five companies within the Group, gave notice of termination of its contract to supply building maintenance services for Ministry of Defence properties and is still subject to dispute and resolution proceedings. Additionally, delays to a major gas installation contract have continued and the Company remains in active discussion with the organisation regarding a resolution. As a result, P&R, through which the Company was undertaking both contracts, will now report a significant loss for the full year. Accordingly, the Board expects the trading losses and associated write offs at the division to lead to the Group reporting a positive EBITDA of between GBP2.0 to GBP3.0 million before non-underlying restructuring costs and losses associated with the termination of the contract for Ministry of Defence properties. Whilst the future of gas services within the P&R division is now being reviewed, it remains a core service for the rest of Group.
The other divisions of the Group continue to trade well and in line with management expectations for the current year.
Sangita Shah, Chairman of Bilby Plc, commented:
"We are extremely disappointed that certain specific P&R customer engagements will have a material impact on the Group's results for the year ended 31 March 2019. These isolated instances are not reflective of the robust trading within the other four Bilby companies that continue to trade in line with management expectations. The Group is undertaking a detailed review of the P&R division and will update the market in due course."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Enquiries
Hot Features
Premium
Bilby plc
Sangita Shah, Chairman +44 (0)20 7796 4133
(via Hudson Sandler)
Canaccord Genuity Ltd (Nominated Adviser
and Joint Broker) +44 (0)20 7523 8000
Corporate Broking:
Bobbie Hilliam
Georgina McCooke
Sales:
Jonathan Barr
Stanford Capital Partners (Joint Broker)
John Howes/ Bob Pountney +44 (0)20 3815 8880
Hudson Sandler (Financial PR) +44 (0)20 7796 4133
Charlie Jack
Bertie Berger
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 or visit www.rns.com.
END
TSTSSSEELFUSESD
(END) Dow Jones Newswires
March 05, 2019 02:01 ET (07:01 GMT)
1 Year Bilby Chart |
1 Month Bilby Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
