Trading Statement
July 23 2001 - 6:00AM
UK Regulatory
RNS Number:2895H
Deltron Electronics PLC
23 July 2001
For Immediate Release 23rd July 2001
Deltron Electronics plc
("Deltron" or "the Company")
Trading Update
The Board of Deltron, one of the leading electromechanical component solution
providers in Europe, has assessed the trading position of the Company in the
light of recently changing economic circumstances in Europe.
Notwithstanding the momentum the Company achieved in the six months to 31
March 2001, as indicated in its interim statement published in May, the
Company is not immune to a deterioration in global economic conditions.
Deltron has since experienced a number of delivery deferrals. Over the last
seven weeks, business relating to telecommunications, particularly in France
and Scandinavia has experienced a substantial decline.
On the basis of current market conditions, for the year ending 30th September
2001, the Board expects to achieve profits similar to last year's level of #
4.1m.
Deltron continues to expand both organically and by acquisition. Recent
acquisitions are performing in line with management expectations and Deltron
remain well positioned to benefit when growth returns.
For further information, please contact:
Deltron Electronics plc 01638 561156
Christopher Sawyer, CEO
Edward Tozer, Finance Director
Buchanan Communications 020 7466 5000
Tim Anderson/Bobbie Swanson
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