KBC Kbc Adv.Tech.

 

TIDMKBC 
 
RNS Number : 0110P 
KBC Advanced Technologies plc 
08 July 2010 
 

 
 
 
 
                              For Immediate Release 
                                  8 July 2010 
 
KBC Advanced Technologies plc 
("KBC" or "the Group") 
 
Pre-Close Statement 
 
KBC is pleased to announce the following trading update in relation to the 
interim results for the six months ended 30 June 2010 that will be released in 
early September. 
 
We continue to expect the full year results to be in line with the Board's 
expectations.  Since our statement in May we have seen evidence of an 
improvement in trading conditions and our consultant workforce is busier than at 
any time so far this year. Consultant utilization is expected to improve further 
as the year progresses. We have also taken action to further reduce our fixed 
cost base since the beginning of the year by an additional GBP1.3m in annualized 
terms that will deliver a net current year benefit of GBP0.4m. 
 
June was our strongest month so far this year with GBP6 million of new awards, 
although contract awards during the first six months were slightly below those 
for the same period last year at around GBP23 million (2009: GBP24 million). The 
order book is expected to be around GBP40 million at 30 June, close to the level 
at the end of 2009. 
 
The pipeline of sales contract opportunities remains strong and we continue to 
expect a stronger operational performance in the second half of the year. 
 
                                     -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/Ed     |               | 
| Gay          |               | 
+--------------+---------------+ 
 
 
Notes to Editors: 
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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