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Interim Management Statement

24 Apr 2014 11:10

RNS Number : 4258F
Molins PLC
24 April 2014
 



FOR IMMEDIATE RELEASE 24 April 2014

 

MOLINS PLC

INTERIM MANAGEMENT STATEMENT

 

Molins PLC, the international specialist technology and services company, is holding its Annual General Meeting today and is issuing its interim management statement covering the period from 1 January 2014, the start of the Company's financial year, to date.

 

Trading in the period has been largely as the board expected, with sales at similar levels to last year. Order intake has been below the same period last year, although order prospects are strong and this difference is expected to be closed.

 

The board's expectation of Group trading in the year remains unchanged. As in previous years, the board expects that trading will be significantly second half weighted, with the timing of order intake having a stronger bearing on the first and second half split. There has been no significant change in the financial position of the Group since 31 December 2013.

 

Separately today, the Company has announced that it expects to post a circular to shareholders today concerning details of its proposed cancellation of its ordinary shares from the Official List and subsequent admission to trading on AIM.

 

 

 

Enquiries:

Molins PLC

Panmure Gordon (UK) Ltd

Tel: +44 (0)1908 246870

Tel: +44 (0)20 7886 2500

Dick Hunter, Chief Executive

Hugh Morgan

David Cowen, Group Finance Director

MHP Communications

Tel: +44 (0)20 3128 8100

Andrew Jaques, Simon Hockridge

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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