12 Jan 2015 07:00
12 January 2015
Modern Water plc
("Modern Water" or "the Group")
Trading Update
Modern Water plc (AIM:MWG), the owner of leading water and wastewater technologies and monitoring of water quality, announces it will be entering a close period on 12 January 2015, ahead of its preliminary results announcement for the year ending 31 December 2014.
The Board confirms that the Group's outturn for the financial year ending 31 December 2014 will be in line with expectations despite a difficult end to the year in its monitoring division where delayed orders from a number of customers have resulted in lower than forecast revenue. However, as a result the monitoring division ended the year with a strong order book for delivery in Q1 2015.
The Company expects to release its preliminary results on 11 March 2015.
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For further information:
Modern Water plc | +44 1483 696 000 |
Simon Humphrey, Chief Executive | |
Numis Securities Limited | +44 2072 601 000 |
Mark Lander (Corporate Broking) | |
Adrian Trimmings (Nominated Adviser) | |
Headland | |
Tom Gough | +44 2073 675 228 |
Olivia Stuart Taylor | +44 2073 675 218 |
Notes to Editors:
About Modern Water
Modern Water owns, installs and operates world-leading membrane technology and develops and supplies advanced systems for water monitoring. Its shares trade on the Alternative Investment Market of the London Stock Exchange.
Modern Water has developed and commercialised world-leading patented Forward Osmosis desalination technology which can be used in a variety of industries. Its benefits include lower energy consumption, improved water quality and lower environmental impact. With a sales presence in almost 60 countries, the Group's Monitoring Division includes a leading real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.
www.modernwater.com