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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
2nd Dec 20167:00 amRNSDisposal
30th Sep 20162:43 pmRNSDisposal of Carnation Designs
22nd Sep 20167:00 amRNSHalf-year Report
30th Aug 20169:52 amRNSHolding(s) in Company
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28th Jul 20163:56 pmRNSResult of AGM
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30th Jun 20167:00 amRNSAnnual Report and Notice of AGM
9th Jun 20167:00 amRNSFinal Results
23rd May 20167:00 amRNSDisposal of Agar Scientific
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13th May 201610:06 amRNSHolding(s) in Company
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22nd Feb 20167:00 amRNSTrading Update
26th Jan 20167:00 amRNSDirectorate Change
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10th Sep 20157:00 amRNSDirectorate Changes
10th Sep 20157:00 amRNSHalf Yearly Report
30th Jul 20154:45 pmRNSResult of AGM
23rd Jul 20159:00 amRNSTrading Update
22nd Jul 20157:00 amRNSDerivative claim - update
16th Jul 20154:09 pmRNSDerivative Claim - Update
8th Jul 20153:16 pmRNSLapse of Options
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18th Jun 20158:50 amRNSDerivative Claim - Update
12th Jun 20154:42 pmRNSAnnual Report and Financial Statements
30th Apr 20157:00 amRNSFinal Results
27th Apr 20155:35 pmRNSHolding(s) in Company
7th Apr 20151:41 pmRNSHolding(s) in Company
12th Feb 20157:00 amRNSYear end trading update
28th Jan 201512:45 pmRNSDerivative Claim - Further Update
24th Nov 20147:00 amRNSTrading update
2nd Oct 20147:00 amRNSDerivative Claim - Update
31st Jul 20146:06 pmRNSResult of AGM
31st Jul 20147:00 amRNSAGM Statement
25th Jul 201411:15 amRNSDirector/PDMR Shareholding
17th Jul 201412:15 pmRNSResult of Open Offer
9th Jul 20148:00 amRNSNotice of AGM
25th Jun 20145:42 pmRNSHolding(s) in Company
23rd Jun 20147:00 amRNSPlacing and Proposed Open Offer
23rd Jun 20147:00 amRNSUnaudited full year results

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