30 Sep 2011 07:00
Holders Technology plc ("Holders Technology" or the "Group") Trading Update
Holders Technology (AIM:HDT) announces a trading update for the financial year ended on 30 November 2011.
We expect Group revenues to be in line with market expectations, but Group Profits before Tax to be slightly below forecasts.
Trading in the PCB related sector of our business, representing 90% of Group turnover, is in line with expectations, a position we expect to continue for the balance of the current year. We expect our new LED activities, while showing strong sales growth as compared to the preceding year, will fall short of the levels that are required fully to offset the increase in costs incurred to expand sales activity across Europe.
Taken together these factors are expected to result in a position whereby overall Group Revenues for the current year will show strong growth but with a shortfall in the previously anticipated level of Group profitability.
The company expects to announce its full year results for the year ended 30 November 2011 in February 2012.
For further information, contact:
Holders Technology Plc 020 8236 1490Mr Rudi Weinreich, Executive Chairman Mr Jim Shawyer, Group Finance Director Northland Capital Partners Limited- Nomad & Broker 020 7796 8800Shane Gallwey
Website www.holderstechnology.com
XLON