CUC Centurion Ele

RNS Number:2101V
Centurion Electronics PLC
10 February 2004


For immediate release: 10 February 2004


                            Centurion Electronics plc
                          ("Centurion" or the "Company")
                        AGM Statement and Trading Update

At the Annual General Meeting held in Welwyn Garden City at 10 a.m. today,
Chairman Brian Hendon commented:

"It was with very great sadness that we heard of the death of Steven Cunningham
in a car crash at the end ofJanuary. Steven was the Chairman and Chief
Executive of Centurion and it has been through his leadership that Centurion has
grown into the UK's leading designer and supplier of in-car audio-visual
entertainment systems. I would like to take this opportunity to extend, on
behalf of the Shareholders, our sincerest sympathy to Steven's widow and family.

"Following this tragedy, and as announced on 27 January, I have taken over as
interim Chairman and Amanda Thorneycroft, Finance Director, has become Managing
Director. In addition, the Board is currently seeking to appoint a non-executive
Director with experience in the motor manufacturing sector.

"Together with the other members of the Board, we are confident of taking
Centurion forward,particularly with the strong support we have received from
all areas of the staff here at the Company.

"During 2003 the Company had already undergone a period of major development
which included an associated strengthening of the management team. In
particular, the Board announced that John Bell joined the Board as Operations
Director on 27 January 2004 with overall responsibility for purchasing and
logistics, having originally been appointed as Head of Operations in April 2003.
Previously, John was with one of the UK's leading automotive accessory retailers
where he was Director of Business Development and had headed up the in-car
entertainment division of that company.

"Centurion's OEM business model is now firmly established. The Company's success
in expanding its existing relationships with motor manufacturers, as well as
developing relationships with new manufacturers, has continued into the new
financial year.

"On the retail side of the business, indications are that several of the
Company's retail customers had a quieter than expected Christmas trading period
which has impacted on re-order levels in January. Sales of Plug & Play Blue,
however, which was launched before Christmas, exceeded expectations. Sales
overall remain in line with management forecasts.

"The results for the six months to 31 March 2004 are expected to be in line with
market expectations and with the support and commitment of the whole team, we
believe we are well-positioned to continue to build on Centurion's success."

All resolutions proposed at the Annual General Meeting were duly passed.


For further information please visit www.ceplc.net or contact:

Brian Hendon            Russell Cook               Rosie Brown/ Melissa Richards
Centurion Electronics   Charles Stanley & Co.Ltd   Tavistock Communications
Tel: 01707 330550       Tel: 020 7739 8200         Tel: 020 7920 3150


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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