26 Jul 2012 07:00
26 July 2012
Northbridge Industrial Services Plc.
("Northbridge" or the "Group")
Pre-Close trading update
Northbridge, the industrial services and rental company today issues the following trading statement in advance of its interim results for the six months ending 30 June 2012 which it expects to announce on 27 September 2012.
As we indicated on 30 May at the time of our AGM, 2012 is likely to prove more seasonal than previous years. Sales and orders of manufactured units have continued to remain buoyant during the first 6 months. Rental projects will show a stronger benefit in the second half of the year, partly caused by the late start of contracts which are running in both Australia and the Middle East. In addition, new contracts won following our recent acquisitions in transformers and loadcell services will also add to second half revenues. Although the rental market for our testing and commissioning activities remain challenging, we are confident of the outturn for the year as a whole and remain on course to meet market expectations for 2012.
For further information
Northbridge Industrial Services plc 01283 531645
Eric Hook, Chief Executive Officer
Craig Robinson, Finance Director
Westhouse Securities Limited (Nominated Adviser and Broker) 020 76016100
Antonio Bossi /Adam Lloyd
Buchanan Communications 020 7466 5000
Charles Ryland / James Strong
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, Belgium, 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 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, Australia and Belgium and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.