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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intechnology | LSE:ITO | London | Ordinary Share | GB0001388932 | 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% | 24.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7676P InTechnology PLC 05 August 2005 Embargoed for release at 7am - 5 August 2005 InTechnology Plc Trading update InTechnology has, in common with many other Vendors and Channel Partners, continued to experience pricing pressure in its Distribution businesses in the UK and Continental Europe during the first four months of this financial year. In addition, within the Security businesses, margins were impacted by the recent appreciation of the US Dollar against both Sterling and the Euro. Many Security products are purchased in USD, but sold in Sterling (UK) and Euros (Euro zone). The pricing pressure in the Distribution business will result in earnings before interest, tax, goodwill amortisation and exceptional charges for the first half-year being below market expectations. However, Managed Data Services is expected to be above market expectations. InTechnology also announces that it has embarked on a major restructuring of its businesses both in the UK and European subsidiaries in order to achieve cost savings across the group and improve operating efficiencies. The first half-year results will therefore show an exceptional reorganisation charge. Further details of this charge will be announced later this month, together with a further trading update. The reorganisation, affecting employment, premises and other operating costs, is now being implemented and is expected to result in the second half-year's trading bring in line with present market expectations, even though the results for the year as a whole will be impacted by the performance in the first half. For further information: InTechnology plc 01423 877 442 Peter Wilkinson / Andrew Kaberry Financial Dynamics 020 7831 3113 James Melville-Ross This information is provided by RNS The company news service from the London Stock Exchange END TSTSSEFALSISESA
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