If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAPC Technology Regulatory News (APC)

  • There is currently no data for APC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Statement

10 Mar 2014 07:00

RNS Number : 8450B
APC Technology Group PLC
10 March 2014
 



APC Technology Group PLC("APC" or the "Group")

Trading Statement

· Half Year Group sales anticipated to be up by more than 30% and profit before tax anticipated to be substantially ahead of prior year

· Continued expansion of customer base

· Product offering expanded through the creation of Minimise Solutions Limited and Minimise Finance Limited

APC Technology Group PLC (AIM: APC), is pleased to provide an update on its current trading and anticipated results for the six months ended 28 February 2014.

The first half of 2014 has seen a continuation of the progress made in 2013. The Group is expected to report sales of approximately £12.1m (2013 H1: £9.2m) and to declare a profit before tax of at least £700,000 (2013 H1: £47,000) when it publishes its interim results at the end of May this year. The Group's energy efficiency focused businesses, trading under the Minimise brand, experienced continued growth in revenue, both through orders from existing customers, in particular Wm Morrisons Supermarkets PLC, and an increasing number of orders from new customers, including Network Rail. As a result of efforts to expand the customer base, the pipeline of new potential business has also grown significantly this year with notable progress being made with a number of the blue chip organisations across a range of sectors in both the UK and North America.

Related to this, the Group has continued to expand its energy efficiency focused product offering and has recently established an energy efficiency consulting business, Minimise Solutions Limited, which will help customers develop and then implement an effective energy management strategy. In addition, the Group can confirm that it is in advanced discussions to acquire a majority interest in a small, specialist, funding business with the view to offering customers turnkey financing solutions for energy efficiency projects through a specially created subsidiary, Minimise Finance Limited. A further announcement will be made in due course. It is anticipated that both of these businesses will provide additional routes to market and the opportunity for the Group to broaden the scope of engagement with key customers, which will further develop the recurring revenues that the Group is now beginning to create.

APC's electronic components business continues to trade profitably albeit on a marginally lower turnover. That said, a number of recently awarded contracts from major customers has resulted in an increased order book, which helps to underpin the business prospects for this division for the second half of the year.

The Group's associate company, Invisible Systems Limited (ISL), successfully developed relationships with a number of new customers during the period both through Minimise and directly. In particular, it has secured business with FastNet, a subsidiary of Telcom SA Limited, which is expected to lead to increasing revenues during the current financial year.

The Group anticipates announcing its interim results on 30 May 2014.

 

Enquiries:

 

APC Technology Group plc

01634 290588

Mark Robinson, Chief Executive Officer

Rob Smith, Finance Director

www.apc-plc.co.uk

 

Strand Hanson Limited (Nominated Adviser)

020 7409 3494

James Harris / Angela Hallett / Ritchie Balmer

Northland Capital Partners Limited (Joint Broker)

020 7796 8800

John Howes / Alice Lane

N+1 Singer (Joint Broker)

020 7496 3000

Andrew Craig / Ben Wright

Redleaf Polhill (Financial PR)

020 7382 4730

Rebecca Sanders-Hewett / David Ison

apc@redleafpr.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTDDLFBZXFFBBF
Date   Source Headline
12th Sep 201412:13 pmRNSResults of Scheme Court Hearing
10th Sep 20149:16 amRNSForm 8.5 (EPT/RI) - APC Technology
9th Sep 20149:53 amRNSForm 8.5 (EPT/RI) - APC Technology Group Plc
8th Sep 20148:24 amRNSForm 8.5 (EPT/RI) - APC Technology Group plc
5th Sep 201411:57 amRNSResults of General Meeting
5th Sep 201411:08 amRNSResults of Court Meeting and General Meeting
5th Sep 20148:15 amRNSForm 8.5 (EPT/RI) - APC Technology Group plc
4th Sep 20147:43 amRNSForm 8.5 (EPT/RI) - APC Technology Group plc
2nd Sep 20147:55 amRNSForm 8.5 (EPT/RI) - APC Technology Group plc
1st Sep 20143:29 pmRNSExercise of Options & Directors Dealing-Update
29th Aug 20145:55 pmRNSReplacement - Form 8 (OPD) (Offeror - APC)
29th Aug 201412:02 pmRNSForm 8 (DD) - APC Technology Group
29th Aug 201412:02 pmRNSForm 8 (DD) - APC Technology Group
29th Aug 20149:49 amRNSForm 8 (DD) - APC Technology Group
28th Aug 20145:52 pmRNSForm 8 (DD) - Offeror
28th Aug 20143:30 pmRNSRule 2.10 Announcement
28th Aug 20147:55 amRNSForm 8.5 (EPT/RI) - APC Technology Group Plc
28th Aug 20147:00 amRNSExercise of Options and Directors Dealing
27th Aug 20148:24 amRNSForm 8.5 (EPT/RI) - APC Technology Group Plc
26th Aug 20148:32 amRNSForm 8.5 (EPT/RI) - APC Technology Group
22nd Aug 201411:47 amRNSForm 8.3 - Green Compliance Plc AMENDMENT
22nd Aug 201410:32 amRNSForm 8.5 (EPT/RI) - APC Technology
21st Aug 20144:50 pmRNSForm 8.3 - APC Technology Group PLC
21st Aug 20144:50 pmRNSForm 8.3 - APC Technology Group PLC
21st Aug 20144:50 pmRNSForm 8.3 - APC Tech Group PLC
21st Aug 20144:50 pmRNSForm 8.3 - APC Tech Group PLC
19th Aug 20144:22 pmRNSForm 8.3 - APC Technology Group PLC
19th Aug 201410:51 amRNSForm 8.5 (EPT/RI) - APC Technology Plc
15th Aug 201410:08 amRNSForm 8.5 (EPT/RI) - APC Technology
14th Aug 201410:00 amRNSForm 8.5 (EPT/RI) - APC Technology Group Plc
13th Aug 20149:21 amRNSForm 8.5 (EPT/RI) - APC Technology Group Plc
13th Aug 20147:00 amRNSFurther Irrevocable Undertaking Received
13th Aug 20147:00 amRNSPosting of Scheme Document
13th Aug 20147:00 amRNSPosting of Shareholder Circular
12th Aug 20146:28 pmRNSForm 8.3 - APC Tech Group PLC
12th Aug 20148:20 amRNSForm 8.5 (EPT/RI) - APC Technology Group plc
8th Aug 20148:43 amRNSForm 8.5 (EPT/RI) - APC Technology Plc
5th Aug 201411:38 amRNSForm 8 (OPD) (Offeree - APC)
5th Aug 20149:50 amRNSForm 8.5 (EPT/RI) - APC Technology Group Plc
4th Aug 201412:02 pmBUSForm 8.3 - APC Technology Group Plc
4th Aug 20149:44 amRNSForm 8.5 (EPT/RI) - APC Technology Plc
1st Aug 201411:24 amBUSForm 8.3 - APC Technology Group Plc
1st Aug 20147:00 amRNSNew Contract
31st Jul 20141:28 pmRNSForm 8.3 - APC Technology Group Plc
31st Jul 201411:57 amBUSForm 8.3 - APC Technology Group Plc
31st Jul 20149:06 amRNSForm 8.5 (EPT/RI) - APC Technology Group plc
30th Jul 20143:01 pmRNSForm 8 (OPD) (Offeror - GC)
30th Jul 20143:01 pmRNSForm 8 (OPD) (Offeror - APC)
30th Jul 201412:00 pmRNSRecommended Offer for Green Compliance plc
30th Jul 201412:00 pmRNSPreliminary Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.