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15 Apr 2016 14:24
15 April 2016
21st Century Technology plc
("21st Century" or "the Group")
Trading Update
The Board of 21st Century today provides the following trading update.
Trading during the year to 31 December 2015 progressed in line with management expectations and we expect to announce our full year results, the first to include the RSL Group acquired on 30 April 2015, in mid-May. Year-end cash stood at £1m.
Trading during the first three months of 2016 has however been slower than expected with orders from two large fleet customers weighted more towards the second half than originally anticipated and management have initiated a programme of remedial action to remove costs from the business.
The board is increasingly confident that the performance in the second half of the year will be much improved on that of H1.
A copy of this announcement is available on the Group's website: www.21stplc.com
Enquiries:
21st Century Technology plc | Russ Singleton/Glenn Robinson | Tel: 0844 871 7990 |
finnCap Limited | ||
Nominated Adviser | Julian Blunt/Scott Mathieson | Tel: 0207 220 0500 |
Corporate Broking | Malar Velaigam | |
Media enquiries | ||
Communications Portfolio | Ariane Comstive / Helen Carpanini | Tel: 07785 922 354/ 0207 536 2007 |
Notes to editors:
'Connected Systems for Connected Journeys'
21st Century Technology is the specialist provider of tailored solutions to the transport community, solving complex operational requirements both on and off the vehicle.
Fleet solutions include video surveillance to improve passenger & driver safety, vehicle & driver performance monitoring and automatic passenger counting.
Passenger information solutions include the necessary hardware and software for electronic passenger information systems, off-vehicle smart ticketing and way-finding.
With over 20 years' experience in the transport industry, 21st Century Technology specialises in providing innovative technology solutions to improve the passenger experience and provide operational benefits to fleet and network operators. Comprised of an on-vehicle systems division and a passenger information division, 21st Century Technology provides integrated solutions both on and off the vehicle and is now combining the two in order to deliver 'connected systems for connected journeys'.
Further information on the company is available on www.21stplc.com or search for 21st Century Technology on LinkedIn and @21stCenturyLtd on Twitter.
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