RNS Number : 0509Z
  Eleco PLC
  15 July 2008
   

 For immediate release  15 July 2008




    ELECO plc
     ("Eleco" or the "Group")


    TRADING UPDATE FOR YEAR ENDED 30 JUNE 2008

    "Record Turnover and Operating Performance will at least meet Market Estimates"

    Eleco plc, the specialist provider of building systems, infrastructure products and software, today issues a pre-close trading update
for the year ended 30 June 2008.

    The Board is pleased to report that trading remained strong throughout the second half of the current financial year. Accordingly,
turnover and operating performance for the year is expected to be at record levels and at least in line with market estimates. 

    The Group maintained its overall strong performance assisted by a number of factors, including:

    *     A strong performance from our expanded precast concrete interests supplying products to the student accommodation and budget hotel
markets; and to the flood defence, agricultural storage, waste recycling and water industry markets; 

    *     Limited exposure to the UK and Irish housing markets - only 14 per cent of Group turnover is derived from these markets.

    *     A significant improvement in profit from our software interests in the UK, Sweden and Germany. 

    Cash generation was again strong and net cash balances of �6.5m at 30 June 2008 were significantly higher than market estimates; the
�14.5 million of committed unsecured medium term bank facilities, negotiated in June 2007, also remained undrawn.



    John Ketteley, Executive Chairman of Eleco plc, commented:

    Eleco has only limited exposure to the UK and Irish housing markets and the main thrust of our activities is now in the manufacture of
precast concrete infrastructure products and building systems in the UK, and in construction software in the UK, Sweden and Germany. As a
consequence, Eleco finished the year to 30 June 2008 in its strongest financial position for many years. The Board is therefore confident
that Eleco is well placed to deal with increasingly difficult trading conditions anticipated in some of the markets we serve and to take
advantage of opportunities as they arise."



      

    For further information please contact:

 Eleco plc                            Tel: 01920 443 830 
 John Ketteley, Executive Chairman   http://www.eleco.com
 john.ketteley@eleco.com

 David Dannhauser, Finance Director
 david.dannhauser@eleco.com

 Collins Stewart Europe Limited             020 7523 8350
 Nick Ellis

 Buchanan Communications                    020 7466 5000
 Tim Anderson / Isabel Podda






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