20 November 2014
Sprue Aegis plc (AIM: SPRP)
("Sprue" or the "Company")
Trading update
Since the release of its unaudited interim results on 22 September 2014, Sprue, one of Europe's leading home safety products suppliers, is pleased to announce that the Company's financial performance has continued to be strong and October was a record month for sales and profit.
Based on the current order book, and subject to products being built and shipped in line with the current delivery schedule, the Board expects that the Company's results* for the year ending 31 December 2014 will be ahead of market expectations.
The Company will provide a further update on trading and prospects in January 2015.
*Before exceptional AIM costs of £0.5m in H1 2014
- Ends -
For further information, please contact:
Sprue Aegis plc |
0247 771 7700 |
Graham Whitworth, Chairman & Group CEO John Gahan, Group Finance Director |
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Westhouse Securities |
0207 601 6100 |
Tom Griffiths |
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Notes to Editors
About Sprue Aegis plc
Group overview
With its head office in Coventry, UK, Sprue is one of Europe's leading home safety products suppliers and manufactures one of the world's smallest carbon monoxide sensors for use in carbon monoxide alarms. Sprue designs and sells smoke and carbon monoxide alarms and other safety related products throughout Europe under the FireAngel, AngelEye, Pace Sensors, First Alert, BRK and Dicon brands. Sprue enjoys a strong European market presence, a leading UK retail footprint, is the supplier of choice to the UK's Fire and Rescue Services and continues to develop its market share in the UK's trade sector. Sprue has an established network of independent distributors within Continental Europe providing access into these key growth markets through local partners.
Patented technology
Sprue has patented technology in Europe, the US and other selected territories and its range of smoke and carbon monoxide alarms is independently certified to the latest European standards. For further product information, please visit: www.fireangel.co.uk or www.firstalert.eu or www.brkdicon.eu/en or www.sprue.com.