Trading Update & New Adviser

3 Aug 2007 07:00

Eleco PLC03 August 2007 For release at 07.00 Friday August 3rd 2007 Eleco plc PRE-CLOSE PERIOD TRADING UPDATE AND APPOINTMENT OF NOMINATED ADVISER AND BROKER The Board of Eleco plc today announces its trading update for the year ended 30June 2007. The Group's preliminary results for the year ended 30 June 2007 willbe announced on Tuesday, 2 October 2007. Trading Overall, business and cash generation remained strong in the second half of theyear in line with management's expectation and Asta Development, acquired inDecember 2006, made an encouraging contribution to profit. As a consequence,results for the year ended 30 June 2007 will be in line with marketexpectations. Orders at 1 July 2007 at our Building Systems businesses were significantlyhigher than last year due principally to a substantial increase in demand forBell & Webster Concrete's pre-cast products; the outlook for our Softwarebusinesses has also improved. We therefore enter the current year withconfidence. Nominated adviser and Broker In addition, the Board is pleased to have agreed to the appointment of CollinsStewart (Europe) Limited as Nominated Adviser and Broker to the Group. John Ketteley, Executive Chairman commented: "Eleco has achieved the growth anticipated by the market and results for theyear ended 30 June 2007 will be in line with market expectations. We are very well positioned to contribute to the Government's drive toaccelerate the building of affordable sustainable housing; we are in a strongfinancial position; and we look forward with confidence to the year ahead." 3 August 2007 Tel. Contact: John KetteleyExecutive Chairman 01920 443 830David DannhauserFinance Director 01920 443830Nick Ellis/ Philip P. RoeCollins Stewart (Europe) Limited 0207 523 8000 Tarquin Edwards/ Chris SteeleAdventis Financial PR 020 7034 3758/4759 07879 458 364 / 07979 604 687 This information is provided by RNS The company news service from the London Stock Exchange