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Interim Management Statement

15 May 2013 07:00

RNS Number : 7174E
Alumasc Group PLC
15 May 2013
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ο»Ώ

Β FOR IMMEDIATE RELEASE 15 May 2013

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THE ALUMASC GROUP PLC - INTERIM MANAGEMENT STATEMENT

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Alumasc, the premium building and engineering products company, is publishing its final interim management statement for the year ending 30 June 2013, covering the period from 1 January 2013 to date.

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Trading has continued to be satisfactory overall. Accordingly, the Board anticipates that results for the full year will be in line with its expectations.

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The Building Products division has continued to outperform both a weak construction market and our own expectations, benefiting in particular from:

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Β·; buoyant demand for Alumasc Insulated Renders and Gatic engineered access covers;

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Β·; Levolux's large solar shading project at Chiswick Park, which is now almost complete;Β and

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Β·; the Β£11million project to supply roofing and walling products to the aluminium smelter refurbishment at Kitimat in Canada. This project remains on track and is now over 50% complete.

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The Engineering Products division experienced a difficult winter, with the lower demand from OEM customers signalled at the half-year stage impacting both Alumasc Precision Components (APC) and Dyson Diecastings (Dyson) in the third quarter of the financial year. Since then, there has been some modest recovery in activity levels. Steady progress continues to be made in the recovery plan at APC and Dyson remains strongly profitable.

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The group's order books are healthy at Β£44 million, and cash flow performance also remains strong and in line with our expectations.

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Paul Hooper, Chief Executive, commented: "It is pleasing to report that Alumasc continues to deliver a much improved trading performance, led by ongoing profitable growth in the Building Products division, and that the group is on course to achieve the Board's expectations for the full financial year".

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ENDS

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Enquiries:

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The Alumasc Group plc

Paul Hooper (Group Chief Executive) Tel: 01536 383821

Andrew Magson (Group Finance Director) Tel: 01536 383844

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Bankside Consultants

Simon Bloomfield Tel: 0207 367 8888

Jasper Randall

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This Interim Management Statement has been drawn up and presented for the purposes of complying with English laws and regulations. Any liability arising out of or in connection with this Interim Management Statement will also be determined in accordance with English law.

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This Interim Management Statement may contain 'forward-looking statements'. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Many of these risks and uncertainties relate to factors either beyond The Alumasc Group's control or which cannot be estimated precisely, such as future market conditions and the behaviour of the market participants. Actual outcomes and results may therefore differ materially from any outcomes or results expressed or implied by any such forward-looking statements.

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Nothing in this Interim Management Statement is intended to be a profit forecast.

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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IMSQZLFFXEFLBBX
Date   Source Headline
26th Nov 20079:36 amRNSHolding(s) in Company
23rd Nov 200712:50 pmRNSHolding(s) in Company
25th Oct 20077:00 amRNSInterim Management Statement
9th Oct 20075:32 pmRNSAnnual Information Update
8th Oct 20075:36 pmRNSDirector/PDMR Shareholding
8th Oct 20075:31 pmRNSDirector/PDMR Shareholding
3rd Oct 20073:34 pmRNSDirector/PDMR Shareholding
24th Sep 20071:08 pmRNSAdditional Listing
20th Sep 20079:59 amRNSDirector/PDMR Shareholding
20th Sep 20079:57 amRNSDirector/PDMR Shareholding
20th Sep 20079:55 amRNSBlock Listing Return
20th Sep 20079:52 amRNSBlock Listing Return
12th Sep 20078:01 amRNSFinal Results
30th Aug 20073:20 pmRNSPreliminary Announcement Date
2nd Jul 20077:00 amRNSCompleted Sale of Brock Metal
2nd Jul 20077:00 amRNSCompleted Sale of Brock Metal
29th Jun 200711:56 amRNSHolding(s) in Company
27th Jun 20079:55 amRNSCompany Reserves
8th Jun 20077:33 amRNSAcquisition
8th Jun 20077:00 amRNSDisposal of Brock Metal
31st May 20072:52 pmRNSTotal Voting Rights
30th May 200710:30 amRNSResult of EGM
4th May 20077:00 amRNSCapital Reorganisation
2nd May 20072:55 pmRNSDirector/PDMR Shareholding
1st May 20073:28 pmRNSAcquisition
24th Apr 20071:34 pmRNSProperty Disposal
20th Apr 20074:09 pmRNSDirector/PDMR Shareholding
12th Feb 20072:00 pmRNSRevised Interim Announcement
8th Feb 20077:01 amRNSInterim Results
25th Jan 20077:01 amRNSNotice of Results
20th Dec 20069:34 amRNSTotal Voting Rights
30th Nov 20066:08 pmRNSDirector/PDMR Shareholding
10th Oct 200611:13 amRNSAnnual Information Update
2nd Oct 20067:01 amRNSChange of Group FD
13th Sep 20067:03 amRNSFinal Results
4th Sep 20062:52 pmRNSNotice of Results
25th Aug 20067:00 amRNSAppointment of Group FD
16th Aug 20067:00 amRNSAppointment of Stockbroker
7th Jul 20063:50 pmRNSBlock listing
6th Apr 20067:00 amRNSBoard
4th Apr 200612:02 pmRNSDirector/PDMR Shareholding
13th Mar 20067:00 amRNSAppointment of Distributor
8th Mar 200612:19 pmRNSDirector/PDMR Shareholding
15th Feb 20069:16 amRNSHolding(s) in Company
9th Feb 20067:01 amRNSInterim Results
30th Jan 20067:01 amRNSNotice of Results
4th Jan 20062:39 pmRNSBlocklisting Interim Review
16th Dec 200511:32 amRNSTrading Update
7th Nov 20053:58 pmRNSClosure of Copal Casting
3rd Nov 20053:20 pmRNSHolding(s) in Company

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