OMG PLC
27 August 2002
OMG plc ('the Company') - Trading Statement
As indicated in the Company's Interim Statement of 5 June 2002, 'market
conditions remain uncertain and we cannot be sure that revenues in the second
half will match the strong sales of the same period last year.' The emerging
global pattern is of greatly extended order decision times. This will have the
consequence of pushing a significant proportion of forecast revenues beyond the
year end, with a material adverse impact on the current year's profitability.
In present market conditions the Company's top financial priority is cash
management. As a result of policies introduced earlier in the year, the
Company's year-end cash position is expected to be at least £3.5 million,
significantly above the level forecast at the start of the year.
27 August 2002
This information is provided by RNS
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