Trading update

RNS Number : 6186D

Airea PLC

27 June 2019

 

AIREA PLC

Trading update

Airea plc (LSE: AIEA), the manufacturer, marketer and distributor of floor coverings, announces the following trading update for the six months ending 30 June 2019.

Trading update

Despite a very strong order book and first quarter and with continued growth from our export markets we will announce revenue slightly down and a lower operating profit for the half year compared with the corresponding period in 2018. This is due to significantly tougher conditions during the second quarter.

Like many UK businesses the economic headwinds are against us and we are experiencing a high level of market uncertainty; however, the business is well positioned to continue to prosper despite this continued economic uncertainty.

Date of 2019 half year announcement

Airea plc will announce its half year results for the period to 30 June 2019 on Friday 2 August 2019.

Enquiries:

Neil Rylance                                                                                                                  01924 266561

Chief Executive Officer

Paul Stevenson                                                                                                             01924 266561

Group Finance Director

Peter Steel                                                                                                                    020 7496 3061

N+1 Singer

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

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