Trading Update
May 12 2010 - 10:00AM
UK Regulatory
TIDMKBC
RNS Number : 7941L
KBC Advanced Technologies plc
12 May 2010
12 May 2010
KBC Advanced Technologies plc
("KBC" or "the Group")
Trading Update
Although trading conditions in Asia and parts of the Americas have strengthened
slightly during 2010, North America and Europe continue to be soft with
significant structural issues in the refining industry. There has been a
tendency for the sales process to be longer and the timing of contract awards
therefore remains difficult to predict. The strong order book with which we
started the year has cushioned the business somewhat from these issues.
With the full benefit of last year's cost savings of GBP2.8m being delivered
this year, and our continued focus on cost reduction, we remain on track to meet
market expectations for the year, though we expect that the results will remain
weighted towards the second half.
-Ends-
+---------------+---------------+
| KBC | |
| Advanced | |
| Technologies | |
| plc | |
+---------------+---------------+
| George | 01932 236314 |
| Bright, | |
| Chief | |
| Executive | |
| Nicholas | |
| Stone, | |
| Operations | |
| and | |
| Finance | |
| Director | |
+---------------+---------------+
| | |
| | |
| | |
+---------------+---------------+
| Weber | |
| Shandwick | |
| Financial | |
+---------------+---------------+
| Nick | 020 7067 0700 |
| Oborne/Clare | |
| Thomas | |
+---------------+---------------+
| | |
+---------------+---------------+
| Arbuthnot | |
| Securities | |
+---------------+---------------+
| James | 020 7012 2000 |
| Steel/Antonio | |
| Bossi | |
+---------------+---------------+
About KBC:
For 30 years KBC's consultants have provided independent strategic and
engineering expertise to enable leading companies in the global energy business
and other process industries to manage risk while maximising value from their
assets. In times of economic uncertainty and increasing environmental pressure,
KBC's proprietary methodologies and innovative tools guide its clients' key
strategic decisions, enabling them to prioritise and implement initiatives that
maximise return on investment, and improve operational performance. KBC offers
Strategic and Market, Capital Investment, Operating, Organisational, and
Environmental Solutions. For more information, visit www.kbcat.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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