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11 March 2008 - AGM Trading Update
LPA Group PLC is an AIM-quoted manufacturer and distributor of lighting, power and electronics systems. At today's Annual General Meeting ("A.G.M."), Michael Rusch, Chairman made the following comments on current trading:
“In the Annual Report I stated that whilst the current year had started strongly, the second quarter would be weaker and, therefore, progress in the year would be limited. However, I am pleased to report that, so far, trading is robust.
“Routine orders are currently significantly ahead of the same period last year and cash flow has been particularly strong. Projects for which we have either been selected, are well placed, or for which we are awaiting adjudication, are at very high levels.
“2008 is the 100th anniversary of the founding of Light and Power Accessories by Ernest Joseph Lott. I hope to be able to mark this event in a tangible way and to give a positive update with the interim figures due in June.
“Whilst we expect the remainder of the year to be challenging, I am encouraged by prospects for our rail business in particular, and I am hopeful that we will have major orders to announce during the current year.”
11 March 2008
ENQUIRIES
Peter Pollock, LPA Group PLC 07881 626123/01799 512844
Thilo Hoffman, Landsbanki Securities 020 7426 9000
Gareth David, College Hill 020 7457 2020
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