Trading Statement

Associated British Engineering Plc (ABE) - 

Trading statement - 14th September 2012

The Board of ABE has reviewed the current trading at its principal subsidiary company British Polar Engines Limited (BPE).

In the financial year to date from 1st April 2012, the sales of our operating subsidiary, British Polar Engines Limited, are significantly lower on both last year's figures and on our internal budget. Management cannot predict as to whether this is a trend for the year as a whole, as the level of quotations for work is currently in line with our earlier expectations and the sales over the full year may well even out.

David Brown

Chairman