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Pin to quick picksSurface Transforms Regulatory News (SCE)

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Trading Update

17 Dec 2013 07:00

RNS Number : 6776V
Surface Transforms PLC
17 December 2013
 

Surface Transforms Plc ("Surface Transforms" or the "Company")

Trading Update

Surface Transforms (AIM: SCE) is pleased to announce that trading in the six months ended 30 November 2013 was in line with management's expectations.

Turnover for the period was £558k (2012: £405k) being a significant 38% higher than the corresponding period last year with our technology transfer agreement and race car markets contributing to the growth. Cash at the period end was £375k (2012: £391k).

David Bundred, Chairman, said "It is encouraging to report a significant increase in sales consistent with the Board's target of EBITDA break even in the current financial year. Good progress is also being made on longer term "game changer" strategic contracts as well as the more immediate retrofit market opportunities. In respect to this latter segment, the Company is in advanced discussions on opening complementary new distribution channels into the growing track-day market; a potentially significant underpinning to the short term break even goal."

The Company expects to report the interim results for the six months ended 30 November 2013 in January 2014.

 

Enquiries:

 

Surface Transforms plc

Dr. Kevin Johnson, CEO

+44 151 356 2141

David Bundred, Chairman

+44 7785 388 848

 

Cantor Fitzgerald Europe

David Foreman, Rick Thompson (Corporate Finance)

+44 207 894 7000

Paul Jewell (Corporate Broking)

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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TSTNKADPABDDBBD
Date   Source Headline
2nd Feb 20068:24 amPRNNotice of Results
14th Dec 20057:00 amPRNTrading Statement
15th Nov 20057:01 amRNSAward of Grant
20th Oct 20051:31 pmRNSResult of AGM
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29th Jun 20059:43 amRNSRe Agreement - amended
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5th Apr 20057:01 amRNSIssue of Options
9th Mar 20058:39 amRNSRe Contract
23rd Feb 20057:01 amRNSInterim Results
27th Jan 20058:58 amRNSNotice of Results
13th Jan 20051:54 pmRNSTrading Statement

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