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Trading Update

12 May 2010 15:00

RNS Number : 7941L
KBC Advanced Technologies plc
12 May 2010
 



 

 

 

 

12 May 2010

 

KBC Advanced Technologies plc

("KBC" or "the Group")

 

Trading Update

 

Although trading conditions in Asia and parts of the Americas have strengthened slightly during 2010, North America and Europe continue to be soft with significant structural issues in the refining industry. There has been a tendency for the sales process to be longer and the timing of contract awards therefore remains difficult to predict. The strong order book with which we started the year has cushioned the business somewhat from these issues.

 

With the full benefit of last year's cost savings of £2.8m being delivered this year, and our continued focus on cost reduction, we remain on track to meet market expectations for the year, though we expect that the results will remain weighted towards the second half.

 

-Ends-

 

KBC Advanced Technologies plc

George Bright, Chief Executive

Nicholas Stone, Operations and Finance Director

01932 236314

 

 

 

 

Weber Shandwick Financial

Nick Oborne/Clare Thomas

020 7067 0700

Arbuthnot Securities

James Steel/Antonio Bossi

020 7012 2000

 

About KBC:

For 30 years KBC's consultants have provided independent strategic and engineering expertise to enable leading companies in the global energy business and other process industries to manage risk while maximising value from their assets. In times of economic uncertainty and increasing environmental pressure, KBC's proprietary methodologies and innovative tools guide its clients' key strategic decisions, enabling them to prioritise and implement initiatives that maximise return on investment, and improve operational performance. KBC offers Strategic and Market, Capital Investment, Operating, Organisational, and Environmental Solutions. For more information, visit www.kbcat.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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