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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
29th Oct 20103:52 pmRNSResult of AGM
28th Oct 20107:00 amRNSInterim Management Statement
24th Sep 20103:59 pmRNSAnnual Report and Notice of Annual General Meeting
17th Sep 20103:49 pmRNSDirector/PDMR Shareholding
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9th Sep 20107:00 amRNSAnnual Results Announcement
3rd Sep 20102:51 pmRNSAwards under The Alumasc Long Term Incentive Plan
9th Aug 20107:00 amRNSNotice of Results
18th May 20102:24 pmRNSBlocklisting Interim Review
1st Apr 20102:28 pmRNSHolding(s) in Company
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23rd Mar 20107:00 amRNSInterim Management Statement
10th Mar 20104:17 pmRNSHolding(s) in Company
4th Feb 20101:11 pmRNSDirector/PDMR Shareholding
4th Feb 20107:00 amRNSInterim Announcement
28th Jan 20102:39 pmRNSHolding(s) in Company
4th Jan 201010:35 amRNSInterims Date/Presentation
16th Nov 20099:49 amRNSDirector/PDMR Shareholding
30th Oct 20091:33 pmRNSAnnual Information Update
30th Oct 20099:21 amRNSResult of AGM
29th Oct 20097:00 amRNSInterim Management Statement
22nd Oct 200910:13 amRNSPresentation to private client brokers and others
25th Sep 20092:03 pmRNSAnnual Financial Report
14th Sep 20099:17 amRNSDirector/PDMR Shareholding
10th Sep 20097:00 amRNSAnnual Results Announcement
26th Aug 20099:47 amRNSPrelims Date Notification
14th Jul 20094:13 pmRNSHolding(s) in Company
10th Jul 20097:00 amRNSPre-Close Trading Update
9th Jul 20094:07 pmRNSBlocklisting Interim Review
26th Jun 20097:00 amRNSChange of Auditors
18th May 20097:00 amRNSInterim Management Statement
9th Apr 200910:45 amRNSDirector's Share Purchase
19th Feb 200911:25 amRNSAppointment of a non-executive Director
5th Feb 20097:00 amRNSInterim Announcement
27th Jan 20093:46 pmRNSInterims Date and Presentation
7th Jan 20092:51 pmRNSBlocklisting Interim Review
24th Dec 200812:01 pmRNSDirector/PDMR Shareholding
24th Dec 20089:40 amRNSNotification of Major Interests in Shares
19th Dec 20082:59 pmRNSPre Half-Year Close Trading Update
17th Nov 20087:00 amRNSSenior Management Appointment
23rd Oct 20087:00 amRNSInterim Management Statement
13th Oct 20082:11 pmRNSAnnual Information Update
9th Oct 200810:02 amRNSDirector/PDMR Shareholding
10th Sep 20087:00 amRNSPreliminary Announcement
29th Aug 200812:20 pmRNSPrelims Date
23rd Jul 200811:31 amRNSBlocklisting Interim Review
8th Jul 20087:00 amRNSPre-Close Trading Update
11th Jun 20087:00 amRNSBoard Change
19th May 20083:20 pmRNSHolding(s) in Company
19th May 20087:00 amRNSInterim Management Statement

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