We are pleased to announce our year end results for September 2023

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We are pleased to announce our year end results for September 2023

We are pleased to announce our full year results for the year ended 30 September 2023. Our order book increased to £31.6 million, up on the prior year, whilst our revenue performance was moderately ahead at £21.7 million.

During the year we completed the acquisition from Amphenol Ltd of their complete railway inter-car connector range, whilst post-year end, we were delighted to have completed on the acquisition of Red Box International, which gives us an excellent range of DC ground power equipment, plus a foothold into the US aerospace market which we will look to leverage our other product lines through.

We continue to deliver against market expectations and, underpinned by a strong order book, look ahead to FY24 and beyond with confidence.

Read the full announcement here: http://tinyurl.com/32hw6bre

Acquisition of Red Box International 

We are delighted to announce that LPA Connection Systems has acquired Red Box International.

Red Box is a leading UK manufacturer and distributor of small ground power equipment for the general aviation market and sell their products directly to the market and through a network of distributors.

With global reach and an established presence in the USA market, this acquisition supports our long term growth strategy in the aviation market.

You can read the full announcement here.

Click here to find out more about Red Box.

NEW CEO and Non-Executive Director for LPA Group

We are pleased to announce that Paul Curtis, our COO has been appointed as LPA’s CEO, effective from 1 April 2020.

Having worked in key roles across the LPA Group, Paul has a unique understanding of the business and the markets we work in.

To further strengthen the LPA Board of Directors, we are also pleased to announce that Gordon Wakeford has joined us as a Non-Executive Director, also from the 1 April 2020.

Gordon recently retired as CEO of Siemens Mobility UK and as a former Chairman of the Railway Industry Association he has significant experience in the rail sector.

LPA Lighting Systems achieve ISO 14001 Certification

We are pleased to announce that LPA Lighting Systems has successfully achieved ISO 14001. Achieving this certification has improved our environmental performance, through more efficient use of resources and reduction of waste. Congratulations to everyone involved in achieving this!

LPA Group announces record profits for the year

Preliminary announcement of results for the year ended 30 September 2018

LPA Group plc (“LPA” or the “Group”), the high reliability LED lighting and electro-mechanical system manufacturer and distributor, announces record results for the year ended 30 September 2018 and record orders in the first quarter.

Preliminary results key points:

KEY POINTS • Sales up £5.50m (24.5%) at £27.98m (2017: £22.48m) • Operating profit before exceptional items up 18.4% at £2.24m (2017: £1.90m) • Exceptional and non-underlying items (cost) £175,000 (2017: (gain) £73,000) • Profit before tax up 5.7% at £2.02m (2017: £1.91m) • Basic earnings per share amounted to 14.34p (2017: 14.40p) • Final dividend increased 9% to 1.80p (2017: 1.65p), total for the year 2.90p (2017: 2.70p) • Gearing reduced to 15.5% (2017: 25.7%) • Order entry amounted to £20.2m (2017: £26.1m) • Order book amounted to £13.8m (2017: £21.6m)  • Continued investments in automation and productivity throughout the year

Peter Pollock – Chairman commented:

“The 2018 financial year proved exceptional, delivering a third successive year of record sales and profits, exceeding expectations.

As expected, order entry fell back relative to the very high levels achieved in 2017, reflecting the fluctuating demands of our markets, but were nevertheless very high in historical terms and the fifth highest on record.

As previously reported, some major rail projects, including CrossRail, have been delayed and as a consequence the current year has started quietly, reflecting the lower current demand, which is expected to pick up substantially as the year progresses.

Happily, orders entered in the first quarter have been a new record at over £9m, exceeding order entry for the first half of last year and under pinning progress in the medium term.  Contract orders include Central and Waterloo & City lines lighting refurbishment with LUL, £4.7m including a further support contract; £670k lighting for Doha Metro extension through Kinki Sharyo and £1.4m bespoke electro-mechanical underframe structures for a major UK rail OEM.

After a slow start the year as a whole should be satisfactory.”