Re Contract
February 13 2009 - 4:28AM
UK Regulatory
TIDMCMG
RNS Number : 2778N
Croma Group PLC
13 February 2009
CROMA GROUP PLC ("CROMA" OR "THE GROUP")
Further Contract Wins
The Board of Croma, the avionics, access control and asset protection
specialist, is pleased to announce further contract wins in the Group. RDDS,
its wholly owned avionics subsidiary, has won over GBP500,000 of new business,
principally with existing clients such as the MOD. This is in addition to wins
announced in the Group's Vigilant subsidiary, announced on 3rd February.
The value of new contracts won this calendar year to date is now anticipated to
bring in not less than GBP2.5 million of turnover over the year ahead, most of
which will fall into the Group accounting period ending 30 June 2010.
Sebastian Morley, CEO, commented "This is further evidence of a turnaround of
the Group's fortunes. We highlighted in the recent announcement of our Group
results that we had cut the business cost base as far as possible and that we
were set fair for winning new contracts and exploiting new business avenues. We
are delighted with this continuation of contract wins, this time in our RDDS
business, to complement the recent announcement of wins by our Vigilant
business. Once again, we are getting recognised for our uncompromising approach
to customer service. We look forward now to better news from our access control
division in the near future."
Enquiries:
+-------------------------------------------+----+------------------------+
| Croma Group plc | | |
+-------------------------------------------+----+------------------------+
| Sebastian Morley, CEO | | 07768 006909 |
+-------------------------------------------+----+------------------------+
| | | |
+-------------------------------------------+----+------------------------+
| Seymour Pierce Limited | | |
+-------------------------------------------+----+------------------------+
| Mark Percy | | 020 7107 8000 |
+-------------------------------------------+----+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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