Checkit Regulatory News (CKT)

4 Mar 2008 07:00

Elektron PLC04 March 2008 FOR IMMEDIATE RELEASE 4 March 2008 ELEKTRON PLC ("Elektron" or the "Company") Trading Update The Board of Elektron is pleased to announce that Elektron completed itsfinancial year to 31 January 2008 with satisfactory sales and profits in linewith the Board's expectations and overall ahead of last year. The hard metal components division achieved a satisfactory level of sales and isstarting to invest in modern plant to further improve its efficiency andoperating profits. Elektron Components, the electromechanical switches and connectors division,currently comprising a major part of Group sales, has achieved a healthy returndespite the weakness of the US dollar during the year. The move to China ofswitch manufacturing is also on schedule. Sifam Instruments, acquired in August last year, has seen its managementstrengthened by the appointment of a new Managing Director in anticipation ofbuilding the instrumentation division. The outlook for the current year is not easy to predict given the prevailingeconomic uncertainties, but we are helped by the strengthening of the Euro sincelast year, commodity prices subsiding and manufacturing costs reducing on plan. For further information, please contact: Adrian Girling - Elektron PlcTel: 07966 116664 Michael Cornish - Beaumont Cornish Limited (Nominated Adviser)Tel: 0207 628 3396 ENDS This information is provided by RNS The company news service from the London Stock Exchange