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Pin to quick picksAlumasc Group Regulatory News (ALU)

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Interim Management Statement

16 May 2014 07:00

RNS Number : 2842H
Alumasc Group PLC
16 May 2014
 



 

 

For release 16 May 2014

 

 

THE ALUMASC GROUP PLC - INTERIM MANAGEMENT STATEMENT

 

The Alumasc Group plc (ALU.L) is issuing its final Interim Management Statement for the financial year ending 30 June 2014, covering the period from 1 January 2014 to date.Trading conditions have continued to be largely as described in our Interim Report.

 

Demand for products from our "early cycle" businesses, including housebuilding products, is beginning to improve. Consequently, our Alumasc Rainwater, Harmer Drainage, Rainclear and Timloc businesses are performing very strongly, whilst trading is yet to pick up for those businesses supplying larger projects to the commercial new build market in particular.

 

Demand for Precision Engineering Products has remained at similar levels to earlier in the financial year, with Alumasc Precision Components continuing to make steady progress in its recovery plan and Dyson Diecastings still performing well.

Group revenues in the period since 1 January have been some 6% lower than in the equivalent period of last year. This is mainly due to timing differences and reflects the exceptionally wet winter weather and delays to a number of larger construction projects, particularly at Levolux and in our roofing businesses.

 

Cash flow across the group remains strong and average levels of net debt continue to be the lowest since 2006, leading to lower interest costs on borrowings compared with last year.

 

Group order books currently amount to £37 million, (31 December 2013 : £35 million, 30 June 2013 : £44 million).

 

Activity levels in the Building Products division have been improving in recent weeks and latest sales forecasts suggest that trading in June will be stronger than in any month so far this financial year. The Board therefore expects, in the absence of further unforeseen delays, full year results to be in line with previous management expectations.

 

 

ENDS

 

Enquiries:

 

The Alumasc Group plc

Paul Hooper (Group Chief Executive) Tel: 01536 383821

Andrew Magson (Group Finance Director) Tel: 01536 383844

 

Glenmill Partners

Simon Bloomfield Tel: 07771 758517

This Interim Management Statement has been drawn up and presented for the purposes of complying with English laws and regulations. Any liability arising out of or in connection with this Interim Management Statement will also be determined in accordance with English law.

 

This Interim Management Statement may contain 'forward-looking statements'. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Many of these risks and uncertainties relate to factors either beyond The Alumasc Group's control or which cannot be estimated precisely, such as future market conditions and the behaviour of the market participants. Actual outcomes and results may therefore differ materially from any outcomes or results expressed or implied by any such forward-looking statements.

 

Nothing in this Interim Management Statement is intended to be a profit forecast.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSKELFFZEFFBBF
Date   Source Headline
12th Mar 20144:19 pmRNSDirector/PDMR Shareholding
4th Feb 20147:00 amRNSInterim Results
8th Jan 20148:56 amRNSInterim Date Notification
24th Oct 20134:17 pmRNSResult of AGM
24th Oct 20137:00 amRNSInterim Management Statement
14th Oct 20133:21 pmRNSDirector/PDMR Shareholding
3rd Sep 20137:00 amRNSANNUAL RESULTS ANNOUNCEMENT
12th Jul 20137:00 amRNSTrading Statement
15th May 20137:00 amRNSInterim Management Statement
19th Mar 20134:16 pmRNSDirector/PDMR Shareholding
5th Feb 20137:00 amRNSHalf Yearly Report
21st Dec 20127:00 amRNSTrading Statement
3rd Dec 20127:00 amRNSAcquisition
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4th Sep 20127:01 amRNSFinal Results
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31st May 20127:00 amRNSSignificant Order
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26th Mar 20129:33 amRNSMajor Order
14th Mar 20124:30 pmRNSDirector/PDMR Shareholding - Correction
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16th Feb 20127:00 amRNSInterim Results Announcement
27th Jan 20123:05 pmRNSDirector/PDMR Shareholding
20th Jan 20127:00 amRNSInterim results date
19th Jan 20127:00 amRNSSenior Management Change
12th Jan 20127:00 amRNSTrading Statement
14th Nov 20112:46 pmRNSDirector/PDMR Shareholding
28th Oct 20113:03 pmRNSResult of AGM
27th Oct 20117:00 amRNSInterim Management Statement
19th Oct 201111:18 amRNSHolding(s) in Company
21st Sep 20114:37 pmRNSAnnual Report and Notice of Annual General Meeting
6th Sep 20117:00 amRNSANNUAL RESULTS ANNOUNCEMENT
15th Jul 20117:00 amRNSTrading Statement
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23rd May 201110:55 amRNSBad Debt
20th May 20114:32 pmRNSHolding(s) in Company
19th May 20119:12 amRNSInterim Management Statement
9th May 20113:56 pmRNSHolding(s) in Company
9th May 20113:50 pmRNSHolding(s) in Company
12th Apr 20117:00 amRNSDisposal
28th Mar 20117:00 amRNSDisposal
3rd Feb 20117:00 amRNSHalf Yearly Report
7th Jan 20117:00 amRNSInterim results date
5th Nov 20102:41 pmRNSAnnual Information Update

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