Darwen Holdings PLC
14 April 2008
Darwen Holding plc
RNS Announcement
Darwen Holdings plc (the 'Company') is pleased to announce that it has signed
two significant contracts for bus orders. The orders are for a total of 38 buses
with a combined value of over £5,000,000. The buses are two new generation
designs of double deck open topped buses and single deck school buses. These
buses are all to be delivered within this financial year.
The Directors believe that these orders are an endorsement of the improvement in
quality, efficiency and investment that has gone on in the business since its
acquisition in August 2007.
The Company's order book at the end of March was over 50 per cent. ahead of the
equivalent period last year. The Directors are pleased to report that the
Company has been successful in winning new business during the period whilst
maintaining relationships with existing major customers.
Contacts:
Andrew Brian, CEO +44(0) 1254 504150
Darwen Holdings plc
Stephen Keys
Cenkos Securities plc +44(0) 20 7397 8924
Sarah Lindgreen
MC2 (Financial PR) +44 (0) 161 236 1352
About Darwen
Darwen Holdings plc ('Darwen') specialises in the design, assembly and supply of
single and double deck buses to bus service operators in the UK, through its
subsidiary, Darwen Group Ltd ('Darwen Ltd').
Darwen Ltd was established in August 2007 from the business and assets of East
Lancashire Coachbuilders Ltd. The company went on to acquire specialist design,
manufacturing and product development consultancy skills with the addition of
Leyland Product Developments Ltd (now known as Darwen LPD) in November 2007.
Darwen's Board believes that market demand for high quality, low emission public
service vehicles is growing. In response, Darwen is developing a line of low
emission buses, using diesel electric hybrid technology.
Darwen's Board comprises founder and Chairman, Roy Stanley, Chief Executive,
Andrew Brian, and Non-Executive Director, John Fickling.
www.darwengroup.com
This information is provided by RNS
The company news service from the London Stock Exchange UARWRWSRSAAR
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