Edwards Group Limited Raises Guidance for the Third Quarter of 2013
02 Outubro 2013 - 5:30PM
In advance of the Extraordinary General Meeting (EGM) of
shareholders scheduled to take place on October 4, 2013, Edwards
Group Limited (Nasdaq:EVAC) ("Edwards" or the "Company") today
revised its financial guidance for the third quarter ended
September 30, 2013 based on an analysis of preliminary unaudited
results.
The following highlights of expected results for the third
quarter are preliminary and are subject to change pending the full
release of the Company's fiscal third quarter results.
- Revenue in the range of £177 to £180 million, above previous
guidance of £160 to £175 million
- Adjusted net income expected to come in above the previous
guidance of £17 to £25 million
Jim Gentilcore, CEO of Edwards, said, "We are very pleased with
the strong growth achieved in the third quarter, which has exceeded
the guidance we provided on our second quarter earnings call on
July 30, 2013. We have enjoyed continued momentum across the
business, supported by stronger Semiconductor and Flat Panel
revenues in particular. We saw good levels of revenues and
order intake being sustained throughout the third quarter, which
included some pull-ins from later in the year."
Given the announcement on August 19, 2013 that Edwards and Atlas
Copco Group have entered into a definitive merger agreement under
which Atlas Copco Group will acquire all of the outstanding shares
of Edwards, subject to the approval of the resolution at the EGM,
the Company will report third quarter results on November 1, 2013
but will not host a conference call or provide forward looking
guidance.
Forward-Looking Statements
This document may include forward-looking statements such as
statements regarding the Company's business strategy, financial
condition, results of operations and market data, as well as other
statements that are not historical facts. By their nature,
forward-looking statements are subject to numerous factors, risks
and uncertainties that could cause actual outcomes and results to
be materially different from those projected. Readers are cautioned
not to place undue reliance on these forward-looking statements.
Except for any ongoing obligation to disclose material information
as required by the United States federal securities laws, the
Company does not have any intention or obligation to publicly
update or revise any forward-looking statements after the Company
distributes this document, whether to reflect any future events or
circumstances or otherwise. For a discussion of potential risks and
uncertainties, please refer to the risk factors listed in the
Company's SEC filings. Copies of the Company's SEC filings are
available from the SEC website, www.sec.gov.
About Edwards
Edwards is a leading developer and manufacturer of sophisticated
vacuum products, abatement systems and related value-added
services. These are integral to manufacturing processes for
semiconductors, flat panel displays, LEDs and solar cells; are used
within an increasingly diverse range of industrial processes
including power, glass and other coating applications, steel and
other metallurgy, pharmaceutical and chemical; and for both
scientific instruments and a wide range of R&D
applications.
Edwards has over 3,200 full-time employees and 500 temporary
workers operating in approximately 30 countries worldwide engaged
in the design, manufacture and support of high technology vacuum
and exhaust management equipment.
Edwards' American Depositary Shares trade on The NASDAQ Global
Select Market under the symbol EVAC. Further information about
Edwards can be found at www.edwardsvacuum.com.
EVAC-F
CONTACT: Investor Relations:
Ross Hawley
Head of Investor Relations
Edwards
+44 (0)1293 528844
investors@edwardsvacuum.com
Monica Gould
The Blueshirt Group
+1 212 871-3927
monica@blueshirtgroup.com
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