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Trading Update

25 Jan 2007 07:01

Amiad Filtration Systems Ltd25 January 2007 25 January 2007 Amiad Filtration Systems Ltd ("Amiad" or "the Company") TRADING UPDATE Amiad, a leading producer and supplier of water filters and filtration systemsfor the industrial, municipal and the irrigation markets, provides the followingtrading update based on unaudited results for the year ended 31 December 2006,ahead of the release of its full year audited results on 26 March 2007. The Company is pleased to report that it saw a recovery in the second half ofthe year, primarily in the industrial and municipal segments. Whilst good progress was made in all territories, there was particularly good progress made in China and Australia. The Company also delivered its first water treatmentproject in Russia and initiated sales into India during the second half. As a result, revenues grew by close to 10% in the second half of the year compared with the same period last year. The Company expects to report full year results in line with market expectations. Revenues for the full year are likely to increase by approximately 5% to just over $44m compared with $42.4m in 2005. Looking forward, sales of Amiad's thread filters have continued to gain tractioninto the New Year and although still account for a relatively small fraction ofthe business look set to achieve significant growth in the current year. Additionally, plans to increase the Company's footprint in new territories are well advanced. Despite the impact of continued weakness in the US dollar and high material prices, the Company looks forward to delivering further gradual growth in 2007. Enquiries: AmiadYossi Katz, CEO +972-4-6909503Itamar Eder, CFO Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7929 8989 Note to Editors: About Amiad. Amiad is a producer and global supplier of water filters and filtration systemsused in two key markets, namely the industrial & municipal market and theirrigation market. The Company specialises in automatic self-cleaning filtersthat require low maintenance and that can be adapted to provide bespokesolutions to a wide range of applications in industries including, inter alia,steel, power, oil and gas, pulp and paper, in addition to a wide variety ofother applications in the irrigation market. Amiad currently sells its productsworldwide to over 60 countries across the Americas, Africa, Europe, Asia andAustralasia. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
25th Mar 20204:43 pmRNSSecond Price Monitoring Extn
25th Mar 20204:37 pmRNSPrice Monitoring Extension
25th Mar 202010:34 amRNSFurther update on EGM
20th Mar 20207:00 amRNSUpdate on EGM
4th Mar 20207:00 amRNSProposed Directorate Change
27th Feb 20207:00 amRNSUpdate on potential investment and Notice of EGM
11th Feb 20207:00 amRNSAmiad receives Green Economy Mark
2nd Jan 20204:25 pmRNSPDMR Exercise of Options, Issue of Equity and TVR
13th Dec 20197:00 amRNSTrading Update
12th Dec 201912:12 pmRNSResult of AGM
22nd Nov 20197:00 amRNSUpdate on Potential Investment
7th Nov 201912:50 pmRNSNotice of AGM, Options Grant & Directorate Change
11th Sep 20197:00 amRNSInterim Results
11th Sep 20197:00 amRNSUpdate on Potential Investment
2nd Sep 20198:54 amRNSResponse to Media Speculation
28th May 20197:00 amRNSPublication of Annual Report and Accounts
21st May 20197:00 amRNSDirectorate Change
7th May 20194:40 pmRNSSecond Price Monitoring Extn
7th May 20194:35 pmRNSPrice Monitoring Extension
7th May 201910:20 amRNSHolding(s) in Company
7th May 201910:20 amRNSHolding(s) in Company
28th Mar 20197:00 amRNSFinal Results
19th Mar 20197:00 amRNSAppointment of Chief Financial Officer
13th Nov 20187:00 amRNSManagement Change
6th Nov 20185:13 pmRNSSecond Price Monitoring Extn
6th Nov 20184:35 pmRNSPrice Monitoring Extension
13th Sep 201812:01 pmRNSResult of AGM and Director Appointment
5th Sep 20187:00 amRNSInterim Results
7th Aug 20187:00 amRNSAmiad supplies major Singapore desalination plant
2nd Aug 20183:00 pmRNSNotice of AGM and Directorate Change
26th Jul 20183:48 pmRNSHolding(s) in Company
24th Jul 20182:05 pmRNSSecond Price Monitoring Extn
24th Jul 20182:00 pmRNSPrice Monitoring Extension
24th Jul 20187:00 amRNSAcquisition of Amiad India
23rd Jul 201812:38 pmRNSHolding(s) in Company
13th Jun 20184:44 pmRNSDeath of a Director
25th May 20189:00 amRNSPublication of Annual Report and Accounts
11th Apr 20187:00 amRNSFinal Results
3rd Apr 20187:00 amRNSDirectorate Change
28th Feb 201811:50 amRNSResult of EGM and Director Appointment
24th Jan 20183:30 pmRNSNotice of EGM and Directorate Change
22nd Nov 20172:55 pmRNSLicensing agreement with Dow Global Technologies
6th Sep 20177:00 amRNSInterim Results
3rd Aug 201711:37 amRNSResult of AGM
12th Jul 20177:00 amRNSUpdate regarding French certification
28th Jun 20178:30 amRNSNotice of AGM
31st May 20177:00 amRNSNotification regarding French certification
28th Apr 201711:51 amRNSPublication of Annual Report
30th Mar 20177:00 amRNSFinal Results
28th Feb 20177:00 amRNSHolding(s) in Company

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