If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCheckit Regulatory News (CKT)

Share Price Information for Checkit (CKT)

Share Price is delayed by 15 minutes
Get Live Data
21.50    0.00 (0.00%)
Bid:
21.00
Ask:
22.00
Spread: 1.00 (4.762%)
Market Cap: £23.22m
CKT Live PriceLast checked at - London Stock Exchange

Intraday Checkit Share Chart

Trading update

17 Nov 2011 07:00

RNS Number : 2486S
Elektron Technology PLC
17 November 2011
 

ELEKTRON TECHNOLOGY PLC

("Elektron" or the "Group")

Trading Update

Elektron Technology plc (AIM: EKT) announces a trading update.

Orders for the Group compared to the prior year have increased by 6% year to date on a like for like basis and by 11% for October month on month. The Group is on track to deliver operating profits before exceptional items for the year to 31 January 2012 at a level similar to last year's performance. This is a reduction in management expectations for the current financial year but matches last year's record profits.

The Directors are pleased by the resilience of the business given the importance of Europe to the Group. Nevertheless the economic problems of the area are inevitably having an effect on sales. We are pleased to report the performances of brands such as Carnation Genisys and Henson remain strong in the UK. The Americas continue to show strong growth as a result of expansion of our distribution network and OEM partnership initiatives.

The Group is putting considerable emphasis on building up its business in the large and growing markets of the Asia Pacific region. It has already opened a new office in Shanghai and is currently searching for an office in New Delhi to accommodate expansion of its existing facility.

Shareholders will know that Elektron has been investing heavily in geographical, functional and new product development resource and, given the opportunities available, the Board intends to continue investing in the long term growth of the Group.

Elektron expects to release its preliminary statement of results for the year to 31 January 2012 on 12 April 2012.

For further information:

Elektron Technology plc

Tel. +44 (0) 1223 371000

John Wilson - Chief Executive Officer

Noah Franklin - Chief Financial Officer

finnCap

Tel. +44 (0)20 7220 0500

Ed Frisby/ Rose Herbert - Corporate Finance

Simon Starr - Corporate Broking

Threadneedle Communications

Tel. +44 (0)20 7653 9850

Josh Royston

Hilary Millar

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTFFFFWMFFSEDF
Date   Source Headline
13th Nov 20065:28 pmRNSIssue of Equity
6th Nov 20063:18 pmRNSOffer Update
23rd Oct 200610:08 amRNSOffer Update
19th Oct 20065:40 pmRNSOffer Update
28th Sep 20064:54 pmRNSOffer Document Posted
28th Sep 20061:12 pmRNSOffer for Howle Holdings plc
18th Sep 20063:53 pmRNSInterim Results
4th Jul 20064:39 pmRNSPublication of Annual Report
30th May 20063:07 pmRNSFinal Dividend Record Date
25th May 20067:01 amRNSPreliminary unaudited results
27th Mar 20067:00 amRNSShare Repurchase
23rd Mar 20069:42 amRNSShare Repurchase
17th Mar 20067:02 amRNSShare repurchase
16th Mar 20069:05 amRNSShare Repurchase
8th Mar 20067:03 amRNSShare repurchase
28th Feb 200612:06 pmRNSSignificant Shareholding
21st Feb 20063:12 pmRNSShare Repurchase
7th Feb 20063:05 pmRNSSignificant Shareholding
24th Jan 20065:05 pmRNSShare buy-back from EBT
18th Oct 200510:42 amRNSAppointment of Broker
13th Oct 20057:00 amRNSInterim Results
11th Aug 20051:13 pmRNSDealing and Shareholding
9th Aug 20052:01 pmRNSSignificant Shareholding
9th Aug 200511:22 amRNSDirector's Shareholdings
29th Jul 20059:05 amRNSResult of AGM
28th Jul 20051:18 pmRNSAGM Statement
28th Jun 20053:12 pmRNSAcquisition
23rd Jun 20053:13 pmRNSShare Reorganisation
27th May 20057:00 amRNSPreliminary 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.