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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lpa Group Plc | LSE:LPA | London | Ordinary Share | GB0007320806 | 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% | 64.00 | 60.00 | 68.00 | 64.00 | 64.00 | 64.00 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electrical Machy, Equip, Nec | 21.71M | 859k | 0.0637 | 10.05 | 8.63M |
TIDMLPA
RNS Number : 5035T
LPA Group PLC
21 March 2019
LPA GROUP PLC
("LPA" or the "Group")
AGM Trading Update
At the AGM of the Group to be held at 12.00 noon today, Peter Pollock, Chairman, will make the following statement:
"In my commentary published in January, I reported that the current year had started quietly, with delays to some major rail projects including Crossrail, with demand expected to pick up substantially as the year progresses.
As expected, the results for the first half will be affected by these delays. However, we now have delivery schedules for the delayed programmes and have won new contracts, which, as and when delivery dates are confirmed, should make the work load for the second half and the medium term potentially very pleasing.
Order intake for the first five months of the financial year is at record levels. Our businesses have all won significant new contracts, in home as well as export markets, for rail vehicle under frame structures, lighting systems and passenger power outlets. In particular LPA Lighting Systems have been selected to supply products for a large French high-speed double decker train programme.
Bidding activity remains high, filling our funnel of opportunities and our pipeline of potential orders.
Our distribution business, LPA Channel Electric, is performing particularly well.
In due course, these factors should combine to give us confidence that the year as a whole will be satisfactory and result in a strong performance in the medium term.
I am very pleased to report that our new board structure is working well, with renewed energy and enthusiasm. We face the future with confidence."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquires: Tel: --------------------- --------------------- -------------- LPA Group Plc Peter Pollock Chairman 01799 512844 Paul Curtis COO 01799 512858 Chris Buckenham CFO 01799 512859 Cairn Financial Advisers (Nominated Adviser) 020 7213 0880 James Caithie / Tony Rawlinson WH Ireland (Broker) 0117 945 3472 Mike Coe / Chris Savidge Instinctif Partners (PR Adviser) 020 7457 2020 Mark Garraway / Rosie Driscoll / Christine Galloway
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
AGMURUBRKOAOUAR
(END) Dow Jones Newswires
March 21, 2019 03:00 ET (07:00 GMT)
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