Holders Technology plc
("Holders Technology" or the "Group")
Trading Update
Holders Technology (AIM:HDT) announces a trading update for the financial year
ended on 30 November 2011.
We expect Group revenues to be in line with market expectations, but Group
Profits before Tax to be slightly below forecasts.
Trading in the PCB related sector of our business, representing 90% of Group
turnover, is in line with expectations, a position we expect to continue for
the balance of the current year. We expect our new LED activities, while
showing strong sales growth as compared to the preceding year, will fall short
of the levels that are required fully to offset the increase in costs incurred
to expand sales activity across Europe.
Taken together these factors are expected to result in a position whereby
overall Group Revenues for the current year will show strong growth but with a
shortfall in the previously anticipated level of Group profitability.
The company expects to announce its full year results for the year ended
30 November 2011 in February 2012.
For further information, contact:
Holders Technology Plc 020 8236 1490
Mr Rudi Weinreich, Executive Chairman
Mr Jim Shawyer, Group Finance Director
Northland Capital Partners Limited- Nomad & Broker 020 7796 8800
Shane Gallwey
Website www.holderstechnology.com
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