Trading Update

RNS Number : 1588V

LPA Group PLC

01 November 2017

 

LPA GROUP PLC

("LPA" or the "Group")

LPA Group Plc, the LED lighting and electro-mechanical system manufacturer and distributor, is pleased to provide the following trading update for the financial year ended 30th September 2017.

Further to the Chairman's Statement issued with the interim results on 26 June 2017 which confirmed that the Group had established itself on a new trading level, output during the second half was at record levels and, given the volume of deliverable orders on hand, this is likely to be sustained during the new financial year. Margins, which had been depressed by an unfavourable product mix in the first half, responded well to higher volumes and manufacturing efficiencies have improved significantly. Expectations for the year just closed anticipated significant progress and the Board believes it has delivered on this.

The new lighting facility in Yorkshire and the electro-mechanical facility in Saffron Walden, both achieved record levels of output, challenging the increased capacity recently created and further investment in plant and equipment is planned.

The UK market has been buoyant, looks well set for the future and is well supported by export opportunities in Europe, Asia and Australia.

The Group remains very confident of further progress in the current year.

1 November 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain. 

ENQUIRIES:

LPA Group plc
Peter Pollock, Chief Executive	Tel: [phone] or 01799 512844
Steve Brett, Finance Director	Tel: [phone] or 01799 512860
Cairn Financial (Nominated Adviser)	Tel: [phone]
James Caithie / Tony Rawlinson
WH Ireland (Broker)	Tel: [phone]
Tim Feather / Ed Allsopp
Instinctif Partners (PR Adviser)	Tel: [phone]
Mark Garraway / Helen Tarbet

 

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