Trading Statement
04 Outubro 2010 - 3:00AM
UK Regulatory
TIDMROM
RNS Number : 7574T
Romag Holdings PLC
04 October 2010
Romag Holdings plc ("Romag" or the "Company")
Trading Update
4 October 2010
The Board of Directors is pleased to provide an update regarding our Company
announcement dated 19 August 2010.
In August, we announced that there had been delays in the supply of certain key
materials and delays in sales to customers due to a lack of credit insurance and
funding available to those customers. We also announced that a review of
photovoltaic-related inventories, in the context of the dynamic market
conditions in solar pv, would lead to a write-down in the valuation of certain
items and that these factors would lead the Company to report a loss for the
year to 30 September 2010.
The directors are pleased to report that the issues relating to the supply of
key materials have now been resolved and that delays which have held back sales
in the year to 30 September 2010, have eased substantially.
In addition, our review of inventories is not yet entirely complete, but work to
date suggests it will be necessary to write down inventories by cGBP3.5 million.
Whilst Romag will report a loss after interest, tax and exceptional items
(including the inventory write-down), the directors anticipate reporting a
modest profit before these items when we make our preliminary announcement for
the year to 30 September 2010.
The outlook for Romag remains positive and the order book now stands at cGBP18
million, an increase of GBP2 million since the announcement in August.
Enquiries:
Romag Holdings plc 01207 500 000
David Banks
Kreab Gavin Anderson 0207 074 1800
Ken Cronin
Michael Turner
Natalie Biasin
Arbuthnot Securities 0207 012 2000
Antonio Bossi
Tom Griffiths
Note to editors:
Romag Holdings plc is a leading manufacturer of glass and plastic composites
based in Consett, County Durham. Romag has developed a range of photovoltaic
glass products (PowerGlaz) for use in the generation of renewable energy.
Romag also manufactures a wide range of products for the security, transport and
architecture markets to protect people against a variety of risks and threats.
Businesses using the group's high-impact glass products include BAA, Securicor,
government departments, banks, building societies and train operators.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTQFLFBBBFZFBV
Romag Holdings (LSE:ROM)
Gráfico Histórico do Ativo
De Out 2024 até Out 2024
Romag Holdings (LSE:ROM)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024
Notícias em tempo-real sobre Romag da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Romag