Avingtrans PLC
11 October 2004
11 October 2004
AVINGTRANS PLC
AGM Result and Trading Statement
At the AGM of Avingtrans plc held today all the resolutions put to shareholders
were passed. The Chairman made the following comments on current trading during
the meeting:
'Group trading over the past four months has been extremely encouraging. The
acquisition of Crown in May last year has resulted in a 70 per cent. increase in
group turnover and a 47 per cent. increase in group order intake. On a like for
like basis trading in the group's subsidiaries, excluding Crown, showed an
increase of 29 per cent. in group turnover and a 27 per cent. increase in order
intake. In the first three months since Crown was acquired by the group,
trading has been ahead of forecasts.
The acquisition of Metalcraft, which is due to complete on 13 October 2004, will
result in a further substantial increase in group activities. I am particularly
pleased with both the strategic and the financial progress that Avingtrans has
made in the past twelve months.'
End
Enquiries:
Ken Baker, Avingtrans Tel: 01159 499020
Ben Simon, Hansard Tel: 020 7245 1100
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