Trading Statement
July 14 2011 - 3:29AM
UK Regulatory
TIDMAPI
14 July 2011
API Group plc
("API" or "Group")
Trading Update
The Board's outlook statement, issued with API's Final Results announcement on
June 8th, indicated that trading in the early part of the new financial year had
been in line with the second half of 2010/11. After completion of the first
quarter, it can be confirmed that activity and profitability levels are running
significantly ahead of expectations with the Laminates and Holographics units
performing particularly strongly. Whilst there remains some residual impact
from raw material costs on our foils businesses, especially solvents and resins,
the Board's outlook for the full year is now anticipated to be ahead of market
forecasts.
In the light of this announcement, the Group does not expect to provide any
further general guidance on the full year outlook at its upcoming AGM on 27th
July.
For further information, please call:
API Group plc Tel: +44 (0)1625 650334
Andrew Turner, Group Chief Executive
Chris Smith, Group Finance Director
Cairn Financial Advisers LLP (Nomad) Tel: +44 (0)20 7148 7901
Tony Rawlinson / Liam Murray
Numis Securities Limited (Broker) Tel: +44 (0) 20 7260 1000
James Sergeant
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: API Group PLC via Thomson Reuters ONE
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