D/D!9 Aug 2013 15:38
With the consolidation of site and turnaround behind us, it is time for the Company to deliver profitability. This will be driven by the product pipeline including, the Double Decker and other new products for the export market in 2014.
The Board anticipates that the UK market will be flat in the near future but growing opportunities exist in the Middle East, South East Asia and African countries. There are number of contracts that Optare is participating in overseas markets and we are awaiting outcomes that, if positive, could, in the Board's view, significantly change the outlook for the business. We are confident that our quality, unique design and life cycle cost will enable us to win some major tenders in the international market.
The Board looks forward to a profitable future with the successful launch of the new products, increasing demand and participation in the international market given the successful integration with Ashok and recognition of the company's low carbon technology.