Information  X 
Enter a valid email address

Kalamazoo Comp Grp. (KLMZ)

  Print      Mail a friend

Monday 12 June, 2000

Kalamazoo Comp Grp.

Trading Update

Kalamazoo Computer Group PLC
12 June 2000



               Kalamazoo Computer Group plc
 
                     Trading Update



The interim results of Kalamazoo Computer Group plc
('Kalamazoo') announced on 20 December 1999 stated that
the outcome for the financial year to 31 March 2000 was
expected to reflect a continuation of the improvement in
operating performance established in the first half. The
first half operating profit was £0.1 million. This has
proved to be the case, although demand since January 2000
has been weaker than envisaged, as a result of both
completed Y2K projects and general lack of investment by
car dealers in the light of difficult trading conditions
in the automotive sector, particularly in the UK arising
from the ongoing review by the Competition Commission. As
a result, profits before exceptional items for the year
ended 31 March 2000 will show a significant improvement
on the previous year, but will be below market
expectations of circa £1.0 million at the pre exceptional
profit level.

Further details for the year ended 31 March 2000,
together with details of current trading and prospects,
will be announced with the Company's preliminary results
on 29 June 2000.

Contact:  Malcolm Roberts, Kalamazoo Computer Group plc
0121 411 2345


                                                                                
                                                                                
                                         

a d v e r t i s e m e n t