Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDiscoverIE Regulatory News (DSCV)

Share Price Information for DiscoverIE (DSCV)

Share Price is delayed by 15 minutes
Get Live Data
678.00    -7.00 (-1.02%)
Bid:
665.00
Ask:
678.00
Spread: 13.00 (1.955%)
Market Cap: £658.48m
DSCV Live PriceLast checked at - London Stock Exchange

Intraday DiscoverIE Share Chart

Trading Statement

19 Apr 2010 07:00

RNS Number : 3638K
Acal PLC
19 April 2010
 



FOR RELEASE

7.00 AM

19 APRIL 2010

 

 

ACAL plc

("Acal" or "the Group")

 

TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2010

 

Acal plc, a specialist provider of technology products and services across Europe and South Africa, is today issuing a trading update for the year ended 31 March 2010.

Since the Group's Interim Management Statement on 3 February 2010, growth in sales and orders received in the Electronics division has been ahead of management forecasts, whilst sales in the Supply Chain division remain stable albeit with continuing margin pressure.

The Electronics division, which accounts for around three quarters of Group revenues, has seen a continued improvement in trading. At 31 March 2010 the pipeline of orders was around 20% higher than in the prior year.

As a result the Board anticipates that operating profit for the second half will be above market expectations.

The Group's balance sheet remains robust with net cash ahead of expectations.

 

Nick Jefferies, Group Chief Executive commented:

 

"I am pleased to report that, along with a return to profitability in the second half, the Group continues to see an improvement in sales and orders.

 

We remain focused on delivering our strategy to build Acal into the leading specialist distributor in Europe, whilst continuing to manage costs tightly and integrate our most recent European acquisition."

 

For further information:-

 

Nicholas Jefferies ~ Chief Executive

Paul Neville ~ Group Commercial Director

 

Chris Lane / James Verstringhe

Cubitt Consulting

 

01483 544500

01483 544500

 

020 7367 5100

 

 

 

Notes to Editors:

 

The Acal Group is a leading technology-based specialist distributor in Europe providing sales, marketing and other services through three Divisions: Electronics, Supply Chain and Medical. The Electronics Division distributes electronic products to industrial manufacturing and design companies. The Supply Chain Division supplies new and refurbished IT, EPOS and ATM spare parts to service providers while the Medical Division supplies advanced medical equipment to public and private healthcare providers. Acal has operating companies in the UK, Netherlands, Belgium, Germany, France, Italy, South Africa, Spain and the Nordic region.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTVVLFFBZFLBBE
Date   Source Headline
25th Jun 201211:00 amRNSAnnual Information Update
20th Jun 20124:49 pmRNSNotice of AGM
18th Jun 201210:28 amRNSHolding(s) in Company
29th May 20127:00 amRNSFinal Results
16th May 20128:55 amRNSHolding(s) in Company
16th Apr 20127:00 amRNSNotice of Results
29th Mar 20122:50 pmRNSGrant of Share Options
20th Feb 201210:52 amRNSHolding(s) in Company
2nd Feb 20127:00 amRNSInterim Management Statement
29th Nov 20117:00 amRNSDirector/PDMR Shareholding
28th Nov 20117:00 amRNSHalf Yearly Report
14th Nov 20117:01 amRNSNotice of Results
5th Oct 201112:38 pmRNSHolding(s) in Company
5th Oct 201111:19 amRNSHolding(s) in Company
5th Oct 20117:00 amRNSAcquisition
28th Jul 201112:15 pmRNSResult of AGM
28th Jul 20117:00 amRNSInterim Management Statement
1st Jul 20117:00 amRNSAnnual Information Update
20th Jun 20114:49 pmRNSAnnual Report and Notice of AGM
1st Jun 20117:00 amRNSFinal Results
1st Jun 20117:00 amRNSAcquisition
21st Apr 20112:45 pmRNSHolding(s) in Company
21st Apr 20112:45 pmRNSHolding(s) in Company
20th Apr 20119:47 amRNSHolding(s) in Company
19th Apr 20117:00 amRNSTrading Update
18th Apr 20119:33 amRNSHolding(s) in Company
13th Apr 20114:40 pmRNSSecond Price Monitoring Extn
13th Apr 20114:35 pmRNSPrice Monitoring Extension
1st Apr 20112:32 pmRNSDirector/PDMR Shareholding
30th Mar 201111:54 amRNSHolding(s) in Company
16th Mar 201112:58 pmRNSDirector/PDMR Shareholding - Replacement
16th Mar 20119:03 amRNSDirector/PDMR Shareholding
3rd Feb 20117:00 amRNSInterim Management Statement
1st Feb 20113:22 pmRNSHolding(s) in Company
20th Jan 20114:13 pmRNSIssue of Equity
12th Jan 20117:00 amRNSAcquisition
15th Dec 20102:31 pmRNSHolding(s) in Company
10th Dec 20109:35 amRNSHolding(s) in Company
30th Nov 20109:53 amRNSHolding(s) in Company
29th Nov 20107:00 amRNSHalf Yearly Report
1st Nov 20109:55 amRNSHolding(s) in Company
29th Oct 20107:00 amRNSNotice of Results
12th Oct 201010:21 amRNSDisposal
7th Sep 201012:34 pmRNSHolding(s) in Company
3rd Aug 20104:32 pmRNSDirector/PDMR Shareholding
29th Jul 20103:59 pmRNSResult of AGM
29th Jul 20107:00 amRNSInterim Management Statement
20th Jul 201012:38 pmRNSDirector/PDMR Shareholding
12th Jul 201010:27 amRNSHolding(s) in Company
1st Jul 20107:00 amRNSAnnual Information Update

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.