Acg Metals Regulatory News (ACG)

26 Jan 2007 12:06

Accuma Group PLC26 January 2007 Accuma Group Plc ("Accuma" or "the Company" or "the Group")) Trading Update The Group is experiencing slower than expected growth in its IVA business and,as a result, market expectations for the current financial year to 31 July 2007may not be met. A poorly executed marketing strategy in the first half of the financial year,together with a more competitive environment, have resulted in business volumesbeing lower than previously anticipated. The Group has taken action to addressthis. In addition, whilst the majority of creditors remain supportive of the IVAprocess, the Group has experienced increased resistance amongst a small minorityof creditors which is impacting IVA approval rates. Trading in the companies acquired last year is in line with management'sexpectations. The Group is carrying out a review of trading and intends to make a tradingupdate to the market by no later than Friday 2 February 2007. Accuma Group plc: Tel: +44 (0) 870 0423 423Charles Howson, CEO Daniel Stewart & Company plc:Lindsay Mair Tel: +44 (0) 20 7776 6550 Media enquiries:AbchurchChris Lane Tel: +44 (0) 207 398 7700 This information is provided by RNS The company news service from the London Stock Exchange