Last checked at 14 Nov 2012 07:00
14 November 2012
Hangar8 plc
("Hangar8")
Trading update and notice of final results
The Board of Hangar8 is pleased to announce that it has enjoyed a very strong start to the new financial year with earnings before interest, tax, depreciation and amortisation for the three months ended 30 September 2012 up 331 per cent to £461,000 (Q1 2011: £107,000). The Board continues to see a consistent level of growth in its business and anticipates that the results for the year ended 30 June 2013 will be materially above market expectations.
The Board further announces that it will be releasing its final results for the year to 30 June 2012 on 28th November 2012.
Dustin Dryden, Chief Executive, Hangar 8, said:
"The winners in this industry will be those operators that have substantial geographical breadth, product depth and operating scale in their business. I am delighted that Hangar8's scale change in the size of its operations over the past two years is now beginning to deliver real benefit to all of our stakeholders."
ENDS
Enquiries
Hangar8 plc +44 (0) 1865 372215
Dustin Dryden, Chief Executive
Philip Brady, Chief Financial Officer
Blythe Weigh Communications + 44 (0) 20 7138 3204
Paul Weigh +44 (0) 7989 129658
Natalie Raper +44 (0) 7710 333470
Robert Kellner +44 (0) 7800 554377
Seymour Pierce +44 (0) 20 7107 8000
Mark Percy / Julian Erleigh (Corporate Finance)
David Banks/Katie Ratner (Corporate Broking)