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Trading Update

5 Jul 2012 07:00

RNS Number : 9468G
Stadium Group PLC
05 July 2012
 



 

Stadium Group Plc

("Stadium" of the "Company")

 

Trading update

 

Stadium Group Plc (AIM: SDM), a leading electronic technologies group, provides the following pre-close trading update for the six months ended 30 June 2012.

 

Trading for the six months ended 30 June 2012 was broadly in line with the expectations outlined in the recent AGM statement. As anticipated, sales were below that reported for the same period last year due to the underlying economic environment and the impact of the Company's decision to withdraw from a number of low margin legacy contracts. The consequent impact upon profits has been partially offset by a number of important new business wins and continuing cost reduction activity.

 

We expect the second half of 2012 to see the full benefit of H1 business wins and further progress with operational improvements in overheads, factory efficiency and most significantly in procurement; taken together, substantially offsetting the impact of any reduced underlying revenues. In addition the Company is currently undertaking pre-production trials for two significant contracts for programmes that are planned to commence in Q4 of 2012. The outcome of these trials will be known in Q3.

 

The Company also continues to pursue a number of potential acquisitions that complement the current activities which should enhance shareholder value over the medium-term.

 

Stadium will announce its financial results for the six months ended 30 June 2012 on Tuesday, 4 September 2012.

 

Enquiries:

 

Stadium Group plc

www.stadium-plc.com

Stephen Phipson, Chief Executive Officer

Tel: 01429 852 500 or Mob: 07920 760 807

 

 

Walbrook PR

Tel: 020 7933 8780

Paul McManus

paul.mcmanus@walbrookpr.com or Mob: 07980 541 893

Paul Cornelius

paul.cornelius@walbrookir.com or Mob: 07886 384 707

 

 

N+1 Brewin

 

Nick Tulloch

Tel: 0131 529 0356 or Mob: 07990 804 436

Richard Lindley

Tel: 0113 241 0126 or Mob: 07947 730 580

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUSRNRURABRAR
Date   Source Headline
25th Jan 20083:56 pmRNSHolding(s) in Company
24th Dec 200710:53 amRNSProperty Disposal
31st Oct 200712:23 pmRNSUpdate re: Sale of property
30th Oct 200711:23 amRNSHolding(s) in Company
30th Oct 200711:18 amRNSHolding(s) in Company
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3rd Sep 20077:00 amRNSInterim Results
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29th Jun 20078:30 amRNSAnnual Report and Accounts
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30th Mar 200711:40 amRNSHolding(s) in Company
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1st Mar 20079:31 amRNSHolding(s) in Company
26th Feb 20077:02 amRNSFinal Results
2nd Feb 200710:37 amRNSNotice of Results
21st Dec 200611:57 amRNSTotal Voting Rights
2nd Nov 20062:21 pmRNSEGM Statement
4th Sep 20067:03 amRNSInterim Results
30th Aug 20068:51 amRNSAcquisition
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13th Jul 200612:33 pmRNSHolding in Company
12th Jul 200610:42 amRNSHolding(s) in Company
4th May 20063:13 pmRNSDirectors' Shareholdings
20th Apr 200610:44 amRNSAGM Statement
7th Apr 200611:34 amRNSDirectorate Change
23rd Mar 200612:21 pmRNSDirectors' Shareholdings
2nd Mar 20064:19 pmRNSHolding in Company
27th Feb 20067:00 amRNSFinal Results
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13th Feb 20069:00 amRNSNotice of Results
10th Feb 20063:49 pmRNSHolding(s) in Company
2nd Dec 20053:33 pmRNSDirectors' Shareholdings
2nd Dec 20053:31 pmRNSDirector/PDMR Shareholding
30th Nov 200511:54 amRNSTrading Statement
5th Sep 20057:00 amRNSInterim Results
4th Aug 200510:21 amRNSNotice of Results
7th Jun 20053:43 pmRNSExercise of Options
27th Apr 200512:15 pmRNSAGM Statement
5th Apr 20057:00 amRNSGrant of Options
25th Feb 20052:04 pmRNSDirector Shareholding
21st Feb 200510:28 amRNSDirector Shareholding

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