Triad Group PLC
28 January 2002
Triad Group Plc ('Triad' or the 'Company')
Trading Update
At the time of the interim announcement on 16 November 2001, the Company stated
that despite Triad's strong pipeline of prospects, the market conditions were
increasingly uncertain and that lack of visibility called for prudence in
relation to market expectations.
Recent events have occurred which will have a very significant impact on the
outcome for the full year and it has become apparent that market conditions
continue to be very difficult. Several large contracts have been delayed or
terminated due to freezes on corporate spending and client cut backs.
These contract delays and terminations, which will take effect in the early part
of this calendar year, will result in a very substantial shortfall against
market expectations of the results for the Company's current financial year.
The Company's cash position remains strong and is currently in excess of £10
million.
The Directors consider that the Company's project capabilities and technical
skills remain excellent and they remain confident about the longer term
prospects of the business.
-ends-
Date: 28 January 2002
For further information contact:
Triad Group Plc City Profile Group
John Rigg Simon Courtenay
Mira Makar Ed Senior
01483-860222 020-7448-3244
www.triadgroup.plc.uk e-mail: simon.courtenay@city-profile.com
This information is provided by RNS
The company news service from the London Stock Exchange
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