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28 Jun 2012 07:00
28 June 2012
Elektron Technology plc
AGM Statement
At the Company's AGM later today, Keith Daley, Chairman of Elektron Technology will make the following statement.
Sales in the four months ended 31 May 2012
"Sales in the first four months of the financial year are broadly in line with the second half of the prior year on a pro-rata basis, despite the impact of the Eurozone crisis on the UK, Europe, Middle East and Africa, which make up two-thirds of group revenue."
Outlook for the year ending 31 January 2013
"The Board currently expects to meet market expectations for the full year. However, effective visibility extends to around four weeks and the Board's expectations may be subject to change depending on the macroeconomic picture.
Elektron's brands provide proven, sector-leading products in specific geographies, with considerable potential to expand into further territories, and in addition the Group has several new product introductions scheduled over the rest of the financial year. Elektron is putting in place measures to mitigate the impact of the economic cycle and continues to make good progress in its programme of organisational transformation."
For further information:
Elektron Technology www.elektron-technology.com | +44 (0) 1223 371 000 |
John Wilson - Chief Executive Officer | |
Noah Franklin - Chief Financial Officer | |
finnCap | +44 (0)20 7220 0500 |
Ed Frisby/ Rose Herbert - Corporate Finance | |
Simon Starr/ Victoria Bates - Corporate Broking | |
College Hill | +44 (0)20 7457 2020 |
Jon Davies/ Adrian Duffield |
Notes to Editors
Elektron Technology is a global designer and manufacturer of fast moving engineered products, the precision engineered components that enable three of the most important technology areas of the always-on, networked economy: Monitoring & Control, Connectivity and Precision Instrumentation.
The Group has a broad portfolio of products that are recognised leaders in their markets, playing a critical role in many industries from underwater construction to food preparation, semiconductor manufacture to emergency vehicle systems. They result from a commercially focused, customer-led new product development process centred on the Group's Technology Centre based in Cambridge. The Group's products are sold worldwide to 7,000 customers; 100,000 end-users, and used in all 7 continents and in space.
Elektron Technology is headquartered in Cambridge and traded on the AIM market of the London Stock Exchange.
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