Interim Management Statement

RNS Number:0550U
Laird Group PLC
09 May 2008


9 May 2008

                          THE LAIRD GROUP PLC ("LAIRD")

                      AGM and Interim Management Statement

Laird is a focused electronics and technology company, a leader in the design
and supply of performance critical components and systems for wireless and other
advanced electronics applications: we provide technology for a connected world.

At the Annual General Meeting today the following comments will be made,
regarding current trading, financial performance and outlook for the financial
year. This statement comprises the period from 1 January 2008 to 8 May 2008 and
constitutes Laird's first Interim Management Statement as required by the UK
Listing Authority's Disclosure and Transparency Rules.

At the AGM today Nigel Keen, Chairman of Laird, will comment:-

"Laird had an outstanding year in 2007. Revenue from continuing operations grew
by 52% to #564.3 million, with organic revenue growth of 34%. Underlying pre tax
profit grew by 59% to #72.4 million.

We have made a strong start to 2008, with trading in line with our expectations.
In the three months to 31 March 2008, revenue from continuing operations grew by
35% compared with the same period in 2007, and organic revenue growth in the
quarter was towards the top end of our expectations of 15% to 20% growth in the
medium term, at constant currency, with particularly strong growth in antennae
modules and actuation devices.

Overall, we continue to benefit from strong demand for our products and
solutions, and from programme awards from our major customers. So far this year
we have also completed the acquisition in February of the specialist wireless
systems business, Ezurio Limited for #12.5 million, expanding further our
presence in the growing "Machine to Machine" wireless market. We have
inaugurated our major new plant in Chennai, and our Corporate Research
Laboratories in Bangalore, India. We have recently put in place a further
#50 million of revolving credit facilities with Bank of China. Our balance sheet
remains strong.

We expect to make further good progress in 2008."

For enquiries:   The Laird Group PLC                      Maitland
                 Peter Hill, Chief Executive              Brian Hudspith
                 Jonathan Silver, Finance Director        Charlotte Walsh
                 Tel: [phone]                       Tel: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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