10 Sep 2008 07:00
Date: 10 September 2008
On behalf of: Advanced Power Components plc ("APC" or "the Company")
Embargoed until: 0700hrs
Advanced Power Components plc
Pre-Close Trading Update
The Board of Advanced Power Components plc, a specialist distributor and manufacturers' representative of electronic components, today provides a pre-close trading update for the year ended 31 August 2008.
The Board expects to announce revenues and pre-tax profits in line with the indications given at the time of its interim results announcement in May 2008.
Revenues generated by ongoing activities were consistent with budget until the fourth quarter, which was disappointing principally due to the combined effects of a significant deferred shipment and the sudden adverse movement in the sterling to US dollar exchange rate. However, Contech Electronics, acquired in June 2008, has exceeded expectations and has more than made up for this shortfall.
Good progress has been made in the integration of both Novacom Microwave, acquired in April 2008, and Contech Electronics and synergistic opportunities are already becoming apparent. Accordingly, the outlook for the Company remains strong.
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Enquiries
| Advanced Power Components plc Mark Robinson, Chief Executive Officer | 01634 290588 www.apc-plc.co.uk |
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| Seymour Pierce Matt Thomas | 020 7107 8000 |
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| Redleaf Communications Samantha Robbins / Anna Dunkin / Henry Columbine | 020 7822 0200 apc@redleafpr.com |
Notes to Editors
About Advanced Power Components
APC plc is a leading specialist distributor of electronic components, comprising five areas of activity:
APC Hi-Rel distributes a variety of specialist electronic components into applications where component reliability is of paramount importance. Hi-Rel's franchised product lines include power semiconductors, power supplies, memory, wound and high voltage components.
APC SBM represents manufacturers of relatively specialist electronic components addressing a commercial and industrial customer base. Products represented include power semiconductors, communications magnetic, and connector products, interconnectivity solutions - USB, storage and Firewire audio controllers.
APC Hero has a specialist team of Product Managers ready to assist with your next design, our key areas include LEDS/LAMPS, drivers, wireless devices and modules, Zigbee, specialist sensors and crystals (plus fast turn around on programming).
APC Go! provides a kitting and materials management service to companies wanting to outsource non core activities, offering services ranging from material procurement to full production management.
APC Displays+ provides dedicated technical and commercial support for a wide range of LCD`s, standard, custom, TFT, e-signage, character, graphics, driver boards, IC`s, single board computers and all related connectivity.
APC Novacom is a distributor and manufacturers' representative for RF and microwave frequency electronic components. The business is managed by a team of technical specialists with many years experience in the RF and Microwave industry.
APC Contech is a distributor of specialist data input devices for industrial, broadcasting and medical sectors providing technically advanced solutions for specific application areas.