Last checked at 18 Aug 2014 07:00
18 August 2014
Sprue Aegis plc (AIM: SPRP)
("Sprue" or the "Company")
Trading update
and
Investor Site Visit
On 14 July 2014, Sprue, one of Europe's leading home safety products suppliers, released a trading update for the six months ended 30 June 2014. Since that date, the Company's order book has grown considerably, largely driven by a significant increase in smoke detector orders received for the French market. As a result, the Board now expects that the Company's results* for the year ending 31 December 2014 will exceed market expectations.
The Company will provide a further update on trading and prospects for the current year at the time of the release of its unaudited interim results for the six months ended 30 June 2014 which are due to be announced on 22 September 2014.
In addition, the Company announces that it is hosting an institutional investor site visit on 20 August 2014 at which no material new information will be disclosed.
*Before exceptional AIM costs of £0.5m in H1 2014
- Ends -
For further information, please contact:
Sprue Aegis plc | 02476 323 232 |
Graham Whitworth, Chairman & Group CEO John Gahan, Group Finance Director | |
Westhouse Securities | 0207 601 6100 |
Tom Griffiths |
Notes to Editors
About Sprue Aegis plc
Group overview
With its head office in Coventry, UK, Sprue is one of Europe's leading home safety products suppliers and manufactures one of the world's smallest carbon monoxide sensors for use in carbon monoxide alarms. Sprue designs and sells smoke and carbon monoxide alarms and other safety related products throughout Europe under the FireAngel, AngelEye, Pace Sensors, First Alert, BRK and Dicon brands. Sprue enjoys a strong European market presence, a leading UK retail footprint, is the supplier of choice to the UK's Fire and Rescue Services and continues to develop its market share in the UK's trade sector. Sprue has an established network of independent distributors within Continental Europe providing access into these key growth markets through local partners.
Patented technology
Sprue has patented technology in Europe, the US and other selected territories and its range of smoke and carbon monoxide alarms is independently certified to the latest European standards. For further product information, please visit: www.fireangel.co.uk or www.firstalert.eu or www.brkdicon.eu/en or www.sprue.com.