LPA Group PLC
28 September 2004
News Release
' LPA Group Plc, the Essex based electrical and electronics system and component
supplier, announces a further £2m of new contracts '
LPA is pleased to announce that it has won a number of new rail contracts with a
combined value in excess of £2m. Order entry for the eleven months to the end of
August is very strongly ahead of the same period last year.
LPA Niphan has been awarded contracts, for the supply of equipment and
components for the upgrade of a number of rail vehicle and metro vehicle fleets,
including a contract for the supply of an entirely new design of battery raft.
All group companies will be involved in the projects as sub contractors to LPA
Niphan.
Other major contracts are in prospect, with delivery spread over several years,
which would secure a long term base load for the Group.
The Group has continued to make progress in the second half, in line with the
board's expectations for the financial year ending on 30th September 2004.'
Peter Pollock, Group Chief Executive, commented
'These contracts are exciting and are helping to secure the Group's position as
a supplier to leading UK and European Rail vehicle builders. The unified sales
approach, promoting the Group's entire capability is succeeding.
We will continue to focus on opportunities to secure the near and long term
progress of the Group.
Our gearing is reducing and our confidence is building so that the
identification of small in-fill acquisitions, which will strengthen our
business, is firmly back on our agenda.'
Enquiries
Peter Pollock Group Chief Executive 01799 512844
Steve Brett Group Finance Director 01799 512860
Christopher Hardie Teather & Greenwood 0207 426 9000
This information is provided by RNS
The company news service from the London Stock Exchange
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