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17 Jul 2013 07:00
Embargoed until 0700 hrs 17 July 2013
KBC Advanced Technologies plc
("KBC" or "the Group")
Pre-close Trading Update
KBC is pleased to announce the following trading update in relation to the half year results for the six months ended 30 June 2013 that will be released in September.
Since our AGM statement the Group has continued to make good progress. In Consulting we have continued to deliver project milestones and in Technology we achieved further contract awards. Total contract awards for the first half were £32.5m, significantly ahead of the £17.0m achieved in the same period in 2012, and our forward order book remains strong.
Our cost initiatives have progressed to plan in the first half and investment in key growth markets for Technology and Consulting will be a focus for the second half. The Group has also made material progress in aligning management and incentive structures, to improve our ability to deliver sustainable and profitable growth across the business.
Following a strong first half, the Board is confident that it will maintain momentum during the second half and that the Group's performance for the full year will be in line with management's expectations.
-Ends-
KBC Advanced Technologies plc | |
Ian Godden, Chairman | +44 (0)1932 236335 |
Caroline Brown, Chief Financial Officer | +44 (0)1932 236335 |
Cenkos Securities plc | |
Bobbie Hilliam/Max Hartley/Callum Davidson | +44 (0)20 7397 8900 |
Weber Shandwick Financial | |
Nick Oborne/Stephanie Badjonat | +44 (0)20 7067 0700 |
Notes to Editors:
KBC is a leading consultancy and software provider to the hydrocarbon processing industry. With over 30 years of experience, operating out of 14 global locations, KBC combines industry-leading technology with experienced engineers and operations personnel using robust methodologies to create personalised, sustainable solutions for its clients. For more information, visit www.kbcat.com.
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