20 Mar 2009 07:00
20 March 2009
LAMPRELL PLC ("Lamprell" or the "Company")
TRADING UPDATE
Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas industry is due to announce its preliminary results for the year ended 31 December 2008 on 30 March 2009 which will be in line with market expectations. Despite a significant order book, it has become apparent in recent weeks that there is a marked slowdown in the Company's business except for the rig refurbishment business which is currently busy but is anticipated to slowdown in the second half of the year. Lamprell, at this time, expects the out turn for 2009 to be significantly below current market expectations.
A fuller update will be provided by the Company during the announcement of the preliminary results.
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| Enquiries: | |
| Lamprell plc | +44 (0)20 7153 1547 |
| Peter Whitbread, Chief Executive Officer | |
| Nigel McCue, Chief Operating Officer | |
| Scott Doak, Chief Financial Officer | |
| M:Communications, London | |
| Patrick d'Ancona | +44 (0)20 7153 1547 |
| Georgina Briscoe | +44 (0)20 7153 1548 |
| Charlotte Kirkham | +44 (0)20 7153 1531 |