26 May 2011 07:00
26 May 2011
NORTHBRIDGE INDUSTRIAL SERVICES PLC
("Northbridge" or "the Group")
AGM Statement
Northbridge, the industrial services and rental company will today hold its AGM at 12:00 noon at the offices of Buchanan Communications, 107 Cheapside, London EC2V 6DN. Peter Harris, the Chairman of Northbridge will make the following statement on the Group's current trading and outlook:
"As indicated at the time of our preliminary results in March, we are encouraged by the progress being made by the Group and the integration of Tasman is continuing as planned. Orders for the sale of manufactured units remain buoyant and we are seeing indications in the global rental market that the world economy is continuing to show signs of improvement. The Board is confident that the Group is well positioned to benefit from opportunities as and when they arise."
For further information
Northbridge Industrial Services plc Eric Hook, Chief Executive Officer Craig Robinson, Finance Director
| 01283 531645 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Azhic Basirov / David Jones
| 020 7131 4000 |
Arbuthnot Securities Limited (Broker) Antonio Bossi / Ed Groome
| 020 7012 2000 |
Buchanan Communications Charles Ryland / James Strong
| 020 7466 5000 |
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, generators, compressors and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends each year based on providing a high level of service, responsiveness and flexibility to customers. It has grown by acquisition of companies in the UK, Dubai, Azerbaijan and Australia and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.