Trading Update / AGM Statement
11 Março 2009 - 4:00AM
UK Regulatory
TIDMWGN
RNS Number : 6557O
Wogen PLC
11 March 2009
Wogen plc ("Wogen" or the "Company")
(AIM: WGN)
11 March 2009
AGM Statement & Trading Update
Wogen's Chairman will make the following statement at the Company's AGM on
12th March 2009:
"Since our Preliminary Announcement on 15th January 2009,
conditions in the specialty metals markets have not improved. Whilst the speed
of the decline in prices has abated, business volumes in our markets have
reduced substantially, in line with the downturn in economic activity around the
world. As a result of this downturn, turnover has fallen materially and the
first six months are expected to return a loss.
The outlook for the rest
of the year is difficult to predict given the volatility of the pricing and
trading levels in our markets. In these circumstances, the Board has taken
measures to cut costs across the business, with a view to improving performance"
Enquiries:
Wogen plc Tel: 020 7222 2171
Allan Kerr, Chief Executive Officer
Neil Poulter, Finance Director
Teathers Tel: 020 7426 9000
Dan Webster
Media Tel: 07795 977 967
Charles Gorman
This information is provided by RNS
The company news service from the London Stock Exchange
END
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