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EKT Elektron Technology Plc

53.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elektron Technology Plc LSE:EKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 53.50 53.00 54.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Elektron Technology PLC AGM Statement (2352K)

06/07/2017 7:00am

UK Regulatory


Elektron Technology (LSE:EKT)
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From Mar 2019 to Mar 2024

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TIDMEKT

RNS Number : 2352K

Elektron Technology PLC

06 July 2017

6 July 2017

Elektron Technology plc

("Elektron" or the "Company")

AGM Trading Update

Ahead of its Annual General Meeting on Thursday 6 July 2017, Elektron Technology plc, the technology group, provides an update on recent trading.

Checkit, the Group's Internet of Things business, has made good progress year to date, working with commercial organisations of all sizes to replace pen and paper with digital, cloud based solutions. Highlights include:

Ø Trials and evaluations at a number of major organisations operating multiple sites in food service and retail. Contracts have been won in leisure, hospitality and food processing organisations as well as multiple small and medium sized food service businesses at an increasing rate;

Ø Becoming an approved supplier to Compass, the global market-leading provider of outsourced catering solutions, with Checkit now installed and in use at client sites including major UK supermarkets, blue chip organisations and one of the world's largest, US headquartered, technology companies;

Ø Creating a partnership with Towergate Insurance to reduce the cost of business insurance to Checkit customers in recognition of the role Checkit plays in reducing risk associated with food safety and compliance.

Bulgin's order book remains ahead of this time a year ago. This business has continued to make strategic progress as outlined in our Annual Report. Results, including the launch of its M-Series connector range have been ahead of expectations in the first half.

Discussions regarding the sale of Titman continue whilst, as previously reported, the other businesses within the IMC portfolio are being managed with a view to eliminating losses in this segment.

The closure of the Group's Torquay site is close to being completed on time and on cost.

Elektron expects to provide an update on current year first half sales and cash on 10 August 2017.

For further information:

Enquiries:

 
                                                          +44 (0) 1223 
 Elektron Technology plc www.elektron-technology.com           371 000 
 Andy Weatherstone - Chief Financial 
  Officer & Company Secretary 
 
                                                        +44 (0)20 7220 
 finnCap                                                          0500 
 Ed Frisby / Scott Mathieson 
  - Corporate Finance 
 Abigail Wayne - Corporate Broking 
 

Notes to Editors

Elektron conceives designs and markets innovative engineered products and services for businesses that connect, monitor and control. We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

- Demand for ubiquitous power and data: Bulgin

- New waves of "aware" business applications: Checkit

- The effect of ageing on sight: Elektron Eye Technology

- Growth in high precision manufacture: Queensgate

- Quality testing and inspection instruments: Sheen

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMOKPDKPBKDKOK

(END) Dow Jones Newswires

July 06, 2017 02:00 ET (06:00 GMT)

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