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15 Jan 2016 07:00
15 January 2016
Exova Group plc
Post-close Trading Update
Exova Group plc ("Exova"), a leading international provider of technically demanding testing, certification and advisory services, today issues the following update on trading.
The Board is pleased to report that trading for November and December 2015 was in line with its expectations and, therefore, full year earnings guidance for the year ended 31 December 2015 is consistent with our Trading Update on 11 November 2015.
The Group continued to make good progress with its acquisition strategy with the completion of two small bolt-on acquisitions in the United Kingdom. In December 2015, Exova acquired Western Technical Services, a specialist provider of non-destructive testing and inspection of components and equipment in the food, dairy, brewing and pharmaceutical industries, and also completed the acquisition of the environmental monitoring division of Resource and Environmental Consultants Ltd. In a full year these acquisitions are expected to deliver around £2m of revenue.
The Group's full year results to 31 December 2015 will be announced on 3 March 2016.
Contacts
Ian Middleton / Sophie Moate
Powerscourt Group
Tel. Direct +44 (0)20 7250 1446 / +44 (0)7885 508 527
exova@powerscourt-group.com
Ian Power, Investor Relations
Exova Group plc
Telephone: +44 (0) 131 476 7619
investor.relations@exova.com
About Exova
Exova is one of the world's leading laboratory-based testing groups, trusted by organisations to test and advise on the safety, quality and performance of their products and operations. Headquartered in Edinburgh, UK, Exova operates 144 laboratories and offices in 32 countries and employs around 4,500 people throughout Europe, the Americas, the Middle East and Asia/Asia Pacific.
Exova's capabilities help to extend asset life, bring predictability to applications, and shorten the time to market for customers' products, processes and materials. With over 90 years' experience, Exova specialises in testing across a number of key sectors from health sciences to aerospace, transportation, oil and gas, fire and construction.
This Trading Update release contains forward-looking statements that involve substantial risks and uncertainties and actual results and developments may differ materially from those expressed or implied by these statements by a variety of factors. These forward-looking statements speak only as at the date of this press release. In addition, all projections, valuations and statistical analyses provided in this document may be based on unaudited pro-forma financial information, subjective assessments and assumptions. They may use alternative methodologies that produce different results and should not be relied upon as an accurate prediction of future performance.
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