Concurrent Technologies PLC
8 October 2001
CONCURRENT TECHNOLOGIES PLC
Trading Statement
Concurrent Technologies Plc, which designs, produces and markets single board
computers known as Multibus II, CompactPCI(R) and VME announces that due to
current market conditions the Board currently expects a modest loss in the
second half and as a result the profit before tax for the year ended 31
December will be less than the profit before tax reported at the Interim
stage.
While general market conditions are difficult the Company has been
particularly affected by the events of September 11th, following which a
number of orders were deferred. As a result, sales in November and December
will be significantly less than anticipated, which in turn will affect the
Company's profitability.
The Board would however stress that it believes the orders are being deferred
into the next financial year, rather than lost.
The Board confirms that progress continues to be made with the new product
range being well received, and the increased marketing effort in the US
beginning to develop new potential customers. Progress is also being made
regarding the US acquisition mentioned at the time of the Interim Results in
August and the Board are hopeful of a positive conclusion to these discussions
in due course.
8 October 2001
ENQUIRIES:
Concurrent Technologies Plc Tel: 01206 752 626
Glen Fawcett, Managing Director
College Hill Tel: 020 7457 2020
Michael Padley
Nicholas Nelson
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