Clarke(T.) PLC
13 January 2006
T. Clarke
TRADING STATEMENT
The Board of T.Clarke plc ('T. Clarke'), the electrical contacting and
engineering group, today announces a trading update following the end of its
financial year to 31 December 2005.
The group has stated previously that its markets have been challenging during
2005. Despite a very encouraging level of enquiries in the fourth quarter,
trading has remained tough and margins have remained under pressure,
particularly within the group's core business. As a result, whilst turnover for
2005 is expected to be in line with market expectations, profit before tax is
expected to be at the lower end of market expectations. It should be noted that
the reported profit before tax will include a £1m profit contribution from the
sale of freehold properties, not occupied by group companies.
Looking forward, the group has experienced a sharp upturn in activity within its
core business sectors. Whilst there will be some continuing 'drag' on margins,
the T. Clarke Board believes this will be a short term factor and that market
conditions are set to improve markedly during the year. The group therefore
expects that an improving performance will manifest itself in the second half of
2006 and in 2007.
In conclusion, the Board remains confident of the group's medium term prospects.
All of the group companies, including the regional businesses, are experiencing
increased enquiry levels. The group's order book is currently around £160m and
consists of a better 'mix and quality' of work than experienced in 2005.
-ends-
Date: 13 January 2006
For further information contact:
T. Clarke plc cityPROFILE
Pat Stanborough, Chief Executive Simon Courtenay
John Daly, Finance Director Tel: 020-7448-3244
Tel: 020-7358-5000
Web: www.tclarke.co.uk
-------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.