RNS Number : 4992H
  Eleco PLC
  05 November 2008
   

 For Immediate Release      05 November 2008

    ELECO plc
    ("Eleco" and or the "Company")
    Annual General Meeting Statement

    John Ketteley, Executive Chairman of Eleco plc, the building systems and software group, made the following statement at the Annual
General Meeting of the Company held today:

    "Group turnover for the first quarter was ahead of last year. However operating profits were lower, reflecting significant increases in
raw material costs in the period and anticipated pressure on tender prices. We also incurred one off costs associated with making further
improvements in our environmental management programme.

    "Against this background, I am pleased to report that project enquiry levels for our precast concrete products remained strong in the
period; that some of our raw material costs are beginning to fall; and that we have taken appropriate steps to reduce costs and improve our
operating margins. I am also encouraged by the resilience shown by our construction and visualisation software interests. 

    "Tough conditions are expected to prevail for some time in the UK construction industry. However, given Eleco's strong financial
position, it is well placed to deal with the current economic uncertainties and to take advantage of any opportunities to develop its
businesses that may arise in the year ahead. I remain confident that Eleco will acquit itself well."

    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 / 
 Christian Goodbody




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