Interim Management Statement

RNS Number : 4258F

Molins PLC

24 April 2014

 



FOR IMMEDIATE RELEASE                                                                                                    24 April 2014

MOLINS PLC

INTERIM MANAGEMENT STATEMENT

Molins PLC, the international specialist technology and services company, is holding its Annual General Meeting today and is issuing its interim management statement covering the period from 1 January 2014, the start of the Company's financial year, to date.

Trading in the period has been largely as the board expected, with sales at similar levels to last year.  Order intake has been below the same period last year, although order prospects are strong and this difference is expected to be closed.

The board's expectation of Group trading in the year remains unchanged.  As in previous years, the board expects that trading will be significantly second half weighted, with the timing of order intake having a stronger bearing on the first and second half split.  There has been no significant change in the financial position of the Group since 31 December 2013.

Separately today, the Company has announced that it expects to post a circular to shareholders today concerning details of its proposed cancellation of its ordinary shares from the Official List and subsequent admission to trading on AIM.

Enquiries:

Molins PLC	Panmure Gordon (UK) Ltd
Tel: [phone]	Tel: [phone]
Dick Hunter, Chief Executive	Hugh Morgan
David Cowen, Group Finance Director

MHP Communications

Tel: [phone]

Andrew Jaques, Simon Hockridge

 

END

 

 

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