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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
1st Apr 20087:01 amRNSAcquisition
11th Feb 20083:19 pmRNSDirector/PDMR Shareholding
11th Feb 20083:17 pmRNSDirector/PDMR Shareholding
7th Feb 20085:02 pmRNSDividend Record Date
7th Feb 20087:00 amRNSInterim Results
14th Jan 200812:20 pmRNSDate Notification - Interims
10th Jan 20083:21 pmRNSBlocklisting Interim Review
10th Jan 20083:18 pmRNSTotal Voting Rights
30th Nov 200711:16 amRNSHolding(s) in Company
30th Nov 200711:15 amRNSHolding(s) in Company
26th Nov 20079:36 amRNSHolding(s) in Company
23rd Nov 200712:50 pmRNSHolding(s) in Company
25th Oct 20077:00 amRNSInterim Management Statement
9th Oct 20075:32 pmRNSAnnual Information Update
8th Oct 20075:36 pmRNSDirector/PDMR Shareholding
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3rd Oct 20073:34 pmRNSDirector/PDMR Shareholding
24th Sep 20071:08 pmRNSAdditional Listing
20th Sep 20079:59 amRNSDirector/PDMR Shareholding
20th Sep 20079:57 amRNSDirector/PDMR Shareholding
20th Sep 20079:55 amRNSBlock Listing Return
20th Sep 20079:52 amRNSBlock Listing Return
12th Sep 20078:01 amRNSFinal Results
30th Aug 20073:20 pmRNSPreliminary Announcement Date
2nd Jul 20077:00 amRNSCompleted Sale of Brock Metal
2nd Jul 20077:00 amRNSCompleted Sale of Brock Metal
29th Jun 200711:56 amRNSHolding(s) in Company
27th Jun 20079:55 amRNSCompany Reserves
8th Jun 20077:33 amRNSAcquisition
8th Jun 20077:00 amRNSDisposal of Brock Metal
31st May 20072:52 pmRNSTotal Voting Rights
30th May 200710:30 amRNSResult of EGM
4th May 20077:00 amRNSCapital Reorganisation
2nd May 20072:55 pmRNSDirector/PDMR Shareholding
1st May 20073:28 pmRNSAcquisition
24th Apr 20071:34 pmRNSProperty Disposal
20th Apr 20074:09 pmRNSDirector/PDMR Shareholding
12th Feb 20072:00 pmRNSRevised Interim Announcement
8th Feb 20077:01 amRNSInterim Results
25th Jan 20077:01 amRNSNotice of Results
20th Dec 20069:34 amRNSTotal Voting Rights
30th Nov 20066:08 pmRNSDirector/PDMR Shareholding
10th Oct 200611:13 amRNSAnnual Information Update
2nd Oct 20067:01 amRNSChange of Group FD
13th Sep 20067:03 amRNSFinal Results
4th Sep 20062:52 pmRNSNotice of Results
25th Aug 20067:00 amRNSAppointment of Group FD
16th Aug 20067:00 amRNSAppointment of Stockbroker
7th Jul 20063:50 pmRNSBlock listing
6th Apr 20067:00 amRNSBoard

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