Stadium Group PLC Regulatory News (SDM)

19 April 2012

Stadium Group Plc

("Stadium")

AGM Statement

Stadium Group Plc (AIM: SDM), a leading electronic technologies group, will hold its Annual General Meeting today at 11am at the offices of N+1 Brewin LLP, 12 Smithfield Street, London EC1A 9LA. At the meeting Stadium will provide shareholders with the following trading update:

As previously highlighted at the preliminary results announcement in March, the weak demand forecasted by the Electronic Manufacturing Services business is expected to persist throughout the year. Focussing on improving the quality of the business, a number of legacy contracts with poor margins are being phased out, or renegotiated to secure better margins going forward. The power business has had a good start to the year and is continuing to show strong growth. A new distribution agreement has been signed with an Asian manufacturer of power supplies to complement the core custom designed product offering.

Overall, first half trading will be lower than the equivalent period last year and within our expectations.

Progress in achieving operational improvements in overheads, plant efficiencies and most significantly in purchasing, is beginning to take effect and will deliver benefits during the second half of 2012. The new customer contracts which were forecast to commence production in the second quarter and beyond are also on track and will further contribute to second half performance. 

Consequently, the board remains confident about the overall group performance for 2012.

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