Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRicardo Regulatory News (RCDO)

Share Price Information for Ricardo (RCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 488.00
Bid: 480.00
Ask: 490.00
Change: 3.00 (0.62%)
Spread: 10.00 (2.083%)
Open: 485.00
High: 488.00
Low: 480.00
Prev. Close: 485.00
RCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

19 Jul 2016 07:00

RNS Number : 5221E
Ricardo PLC
19 July 2016
 

19 July 2016

 

Ricardo plc

Trading update

 

Ricardo plc is a global engineering and strategic, technical and environmental consultancy business with a value chain that includes the niche manufacture and assembly of high-performance products. We employ over 2,800 professional engineers, consultants, scientists and support staff to deliver class-leading and innovative products and services for the benefit of our customers, which include the world's major transportation original equipment manufacturers and operators, supply chain organisations, energy companies, financial institutions and government agencies.

 

Ricardo is today providing a trading update for the period ended 30 June 2016.

 

Further to the trading update of 19 May 2016, overall customer activity in the last two months has been positive leading to a strong year-end order book and a good pipeline across multiple geographies and different business segments. The order book includes the recently announced £35m contract received by Performance Products to supply advanced Dual Clutch Transmissions to a leading OEM in the luxury supercar market, over the life of the vehicle.

 

We expect profit performance for the year to be in line with our expectations and the business is well positioned as we enter the new financial year.

 

The vote by the United Kingdom to leave the EU has clearly caused some uncertainty within the wider market and we continue to monitor the situation carefully however do not expect it to have any significant impact on our performance. The diversification and international spread of our customers and operations is helpful and we have had confirmation that the recently awarded EU research funding through the Horizon 2020 framework will remain in place.

 

Acquisition activity continues to provide the opportunity to both diversify the business and enhance our offering. The Lloyds Register Rail and Cascade acquisitions completed in the period have both performed in line with our expectations and the recent announcement regarding the acquisition of Exnovo, the Italian motorcycle business, expands our capability in the rapidly growing scooter, motorcycle and urban mobility market.

 

Ricardo will announce its full year results for the year ended 30 June 2016 on 15 September 2016.

 

Dave Shemmans, Chief Executive Officer, commented:

 

"We have ended the year with a strong order intake in the final quarter which sees us entering the new financial year with a record order book. Against the backdrop of the EU referendum result it is business-as-usual for Ricardo and we continue with confidence as we look forward to developing and growing our business further in the year ahead."

 

 

 

Further enquiries:

 

Ricardo plc

Dave Shemmans, Chief Executive Officer

Tel:

 01273 455611

Ian Gibson, Chief Financial Officer

Website: www.ricardo.com

Newgate Communications

Tel:

 020 7680 6550

Madeleine Palmstierna/ Steffan Williams/ Adam Lloyd

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTQVLFFQDFLBBK
Date   Source Headline
6th Jul 201610:10 amRNSHolding(s) in Company
5th Jul 20161:45 pmRNSAcquisition of Italian motorcycle business
1st Jul 20164:07 pmRNSDirector/PDMR Shareholding
13th Jun 20168:21 amRNSDirector/PDMR Shareholding
24th May 20167:44 amRNSHolding(s) in Company
19th May 20167:00 amRNSTrading Update
11th May 20163:39 pmRNSDirector/PDMR Shareholding
14th Apr 20168:29 amRNSDirector/PDMR Shareholding
12th Apr 20169:44 amRNSDirector/PDMR Shareholding
11th Mar 201611:59 amRNSBlock Listing Six Monthly Return
11th Mar 20168:27 amRNSDirector/PDMR Shareholding
1st Mar 20161:05 pmRNSCompletion of Acquisition
26th Feb 20167:00 amRNSInterim Results
10th Feb 20163:04 pmRNSDirector/PDMR Shareholding
12th Jan 20164:05 pmRNSDirector/PDMR Shareholding
11th Dec 20152:18 pmRNSDirector/PDMR Shareholding
10th Dec 201512:22 pmRNSDirector/PDMR Shareholding
1st Dec 201510:04 amRNSHolding(s) in Company
30th Nov 20158:16 amRNSHolding(s) in Company
30th Nov 20158:16 amRNSTotal Voting Rights
19th Nov 20157:00 amRNSTrading Update
18th Nov 20154:16 pmRNSDirector/PDMR Shareholding
18th Nov 20159:26 amRNSDirector/PDMR Shareholding
11th Nov 201511:09 amRNSDirector/PDMR Shareholding
4th Nov 201512:02 pmRNSResult of AGM
4th Nov 20157:00 amRNSDirectorate Change
30th Oct 20153:59 pmRNSTotal Voting Rights
29th Oct 201512:01 pmRNSDirector/PDMR Shareholding
19th Oct 20154:20 pmRNSDirector/PDMR Shareholding
16th Oct 201511:34 amRNSDirector/PDMR Shareholding
12th Oct 20153:27 pmRNSDirector/PDMR Shareholding
12th Oct 20152:09 pmRNSBlock Listing Application
11th Sep 20151:12 pmRNSBlock Listing Six Monthly Return
10th Sep 201511:50 amRNSDirector/PDMR Shareholding
10th Sep 20157:00 amRNSFull Year Results
19th Aug 20157:00 amRNSRicardo Acquires Cascade Consulting
13th Aug 20155:06 pmRNSHolding(s) in Company
11th Aug 20153:29 pmRNSDirector/PDMR Shareholding
30th Jul 201511:22 amRNSHolding(s) in Company
14th Jul 20159:56 amRNSDirector/PDMR Shareholding
1st Jul 20153:25 pmRNSRicardo Acquires Lloyd's Register Rail
1st Jul 20158:21 amRNSDirectorate Change
3rd Jun 20159:00 amRNSNotice of Capital Markets Event
20th May 20157:00 amRNSTrading Update
13th May 20154:23 pmRNSDirector/PDMR Shareholding
8th May 20154:23 pmRNSDirector/PDMR Shareholding
28th Apr 20154:57 pmRNSDirector/PDMR Shareholding
17th Apr 20158:05 amRNSRicardo to acquire Lloyd's Register Rail
10th Apr 20153:06 pmRNSDirector/PDMR Shareholding
9th Apr 20154:24 pmRNSDirector/PDMR Shareholding

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.