Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOneView Group Regulatory News (ONEV)

  • There is currently no data for ONEV

Year End Trading Update

12 Sep 2013 07:00

RNS Number : 7820N
Armour Group PLC
12 September 2013
 



12 September 2013

Armour Group plc

("Armour" or the "Group")

Year End Trading Update

 

Armour, the UK's leading consumer electronics group focused on the in-car communications and entertainment and home entertainment markets, today issues a positive trading update following its year end.

 

The Board is pleased to report that the Group has returned to profit after a challenging two years. Profit before interest and tax for the year to 31 August 2013 is anticipated to be in-line with the market expectation of £0.6m, compared to an underlying loss of £1.2m last year. Net debt at 31 August 2013 is also expected to be in-line with market expectation and the Group continues to trade comfortably within its available funding facilities.

 

The results for the year reflect the benefits of the restructuring undertaken by the Group over the past two years. All of the operating businesses made encouraging progress with Armour Automotive increasing profits, Armour Home returning to profit and Armour Asia now approaching breakeven. The largest improvement has come from Armour Home, which has achieved a significant turnaround on the 2012 performance.

 

Group sales have declined on the prior year principally due to the more challenging conditions in our UK markets. However, we have continued to invest heavily in new product development and this, coupled with an improving wider economic environment and more encouraging signs of a sustained UK recovery, makes the outlook for our UK generated revenue more positive over the next 12 months. Internationally, the Group has experienced good sales growth, reflecting the additional investment and focus on developing our international business. It is anticipated that this growth will continue over the forthcoming year with further investment planned.

 

The Group's recovery is on course and progressing as expected. The Board believes that its strategy is correct and that any sustained recovery in the UK economy will in turn build consumer confidence and further enhance the Group's growth prospects.

 

The preliminary announcement of the results for the year ended 31 August 2013 is expected to be released in mid-December 2013.

 

Further Details:

Armour Group plc Tel: 01892 502700

George Dexter

John Harris

 

finnCap Nominated Adviser and Broker Tel: 0207 220 0500

Geoff Nash

Ben Thompson

Stephen Norcross (Sales)

 

Newgate Threadneede Tel: 0207 653 9850

Graham Herring

Robyn McConnachie

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEASNFFSKDEFF
Date   Source Headline
11th Dec 20077:00 amRNSAGM Statement
8th Nov 200712:26 pmRNSHolding(s) in Company
6th Nov 20077:00 amRNSFinal Results
12th Oct 20074:52 pmRNSHolding(s) in Company
17th Sep 20077:00 amRNSTrading Statement
9th Aug 20074:21 pmRNSAIM Rule 26
27th Apr 20079:50 amRNSTotal Voting Rights
17th Apr 200711:13 amRNSAdditional Listing
4th Apr 20077:00 amRNSInterim Results
13th Mar 20074:29 pmRNSHolding(s) in Company
7th Mar 20074:22 pmRNSHolding(s) in Company
26th Feb 20076:10 pmRNSHolding(s) in Company
16th Feb 20073:42 pmRNSHolding(s) in Company
8th Jan 20077:00 amRNSOrder from BMW AG
3rd Jan 200710:44 amRNSNew Distribution Contract
21st Dec 20067:00 amRNSTotal Voting Rights
19th Dec 200611:12 amRNSHolding(s) in Company
13th Dec 20064:59 pmRNSDirector/PDMR Shareholding
12th Dec 200612:16 pmRNSResult of AGM
12th Dec 20067:00 amRNSAGM Statement
7th Dec 20063:30 pmRNSRe Contract
2nd Nov 20067:00 amRNSFinal Results
12th Sep 20067:00 amRNSTrading Statement
1st Sep 20063:59 pmRNSHolding(s) in Company
25th Aug 20063:31 pmRNSHolding(s) in Company
21st Jul 20061:06 pmRNSDirector/PDMR Shareholding
26th May 20067:01 amRNSDirector/PDMR Shareholding
16th May 20069:41 amRNSHolding(s) in Company
10th May 200611:36 amRNSTrading Statement
30th Mar 20067:00 amRNSInterim Results
7th Feb 200610:22 amRNSDirector/PDMR Shareholding
7th Feb 200610:17 amRNSHolding(s) in Company
6th Feb 20067:00 amRNSAcquisition & Placing
19th Jan 20067:01 amRNSRe Contract
14th Dec 20053:23 pmRNSAdditional Listing
9th Dec 20057:00 amRNSAGM Statement
16th Nov 200510:53 amRNSAdditional Listing
8th Nov 20051:47 pmRNSAdditional Listing
2nd Nov 20057:00 amRNSFinal Results
18th Oct 20057:01 amRNSHolding(s) in Company
14th Oct 200511:17 amRNSHolding(s) in Company
27th Sep 20052:53 pmRNSHolding(s) in Company
20th Sep 20057:00 amRNSTrading Statement
4th Aug 20053:16 pmRNSSAR 3 - Armour Group Plc
4th Aug 20053:14 pmRNSHolding(s) in Company
1st Jun 200512:46 pmRNSDir Shrhldg & add. listing
24th May 20055:21 pmRNSSAR 3 - Armour Group PLC
24th May 20055:02 pmRNSHolding(s) in Company
7th Apr 20057:00 amRNSInterim Results
29th Mar 200510:57 amRNSAdditional Listing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.