Acal PLC
19 July 2007
FOR RELEASE 7:00AM 19 JULY 2007
ACAL plc
(Leading pan-European, value-added technology based distributor
providing specialist design-in, sales and marketing services)
INTERIM MANAGEMENT STATEMENT
PERIOD COMMENCING 1 APRIL 2007
Acal plc is today issuing its Interim Management Statement which covers the
period commencing 1 April 2007 to date and includes trading during the quarter
ended 30 June 2007.
Overall, after strong sales in March, the Group saw weaker trading in April and
May but a marked improvement in June.
The softness in the market for passive and electromechanical components, which
we identified at the time of publication of our preliminary results for the year
ended 31 March 2007, has persisted throughout the quarter ended 30 June 2007.
However, the growing success of our strategy of focusing on higher technology
products, primarily specialised semiconductors, continues to be of benefit in
offsetting the effect of this weakness.
The Group's IT Solutions business has shown a year-on-year improvement and
stabilisation in the Parts Services business has continued.
At this stage we believe that we are making satisfactory progress towards
achieving our expectations for the full year.
The Group's financial position continues to be strong and there have been no
material events or transactions affecting the Group.
Acal plc's Annual General Meeting will take place later today.
For further information:-
Tony Laughton - Chief Executive 01483 544500
Jim Virdee - Finance Director 01483 544500
Brian Coleman-Smith/James Verstringhe/Leanne Denman 020 7367 5100
Cubitt Consulting
Notes to the Interim Management Statement
(a) This Interim Management Statement has been prepared solely to
provide additional information to the shareholders of Acal plc, as a body, in
order to meet the requirements of the UK Listing Authority's Disclosure and
Transparency Rules.
(b) The Interim Management Statement may contain forward-looking
statements which:
• have been made by the directors in good faith based on the
information available to them up to the time of their approval of this
statement; and
• should be treated with caution due to inherent uncertainties, which
are beyond Acal's ability to control or estimate precisely and include
both economic and business risk factors, underlying such forward
looking information.
Notes to Editors:
1 The Acal Group is a leading European technology based
distributor providing specialist design-in, sales, marketing and other
services through three divisions: Electronics, Parts Services and IT
Solutions. Its value-added philosophy and geographic coverage enables Acal to
provide specialist knowledge and support to customers on a pan-European basis.
2 Design-in is the process by which Acal's sales engineers
work with customers and suppliers to procure components which meet the
specific technical and performance needs of the customers.
3 Acal has operating companies in the UK, Netherlands,
Belgium, Germany, France, Italy, Spain and Scandinavia. Westech Electronics,
an associated company, is based in Singapore and covers the Far East region.
This information is provided by RNS
The company news service from the London Stock Exchange
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