Pre-Close Statement (3615K)
July 14 2011 - 2:00AM
UK Regulatory
TIDMKBC
RNS Number : 3615K
KBC Advanced Technologies plc
14 July 2011
14 July 2011
KBC Advanced Technologies plc
("KBC" or "the Group")
Pre-Close Statement
KBC is pleased to announce the following trading update in
relation to the half year results for the six months ended 30 June
2011 that will be released in mid September.
Since our statement in May the positive trends we highlighted at
the time have continued and June was the strongest month of the
year to date in terms of utilisation and new business awards.
Demand for energy management services remains very high,
particularly in Europe and the Former Soviet Union. Several key
software licenses were also renewed during the last quarter.
Contract awards for the first six months of the year were around
GBP23.5m, up from the GBP23.1m for the first half of 2010. The
order book is expected to be around GBP56m at 30 June, compared to
GBP58.7m at the end of 2010.
The arbitration process commenced by a competitor alleging
unauthorised use of certain software code, which has been fully
refuted by KBC, is now largely complete with the arbitrator's award
expected within the next month.
Consultant utilisation is expected to remain high throughout the
remainder of 2011, benefiting from the third wave of the Pemex
project that is scheduled to commence in the final quarter. The
pipeline of sales opportunities remains strong and we expect a
stronger operational performance in the second half of the year. We
continue to anticipate that the full year results will be in line
with the Board's expectations.
-Ends-
KBC Advanced Technologies plc
George Bright, Chief Executive
Nicholas Stone, Operations and Finance Director 01932 236314
Weber Shandwick Financial
Nick Oborne/Stephanie Badjonat 020 7067 0727
Cenkos Securities plc
Jon Fitzpatrick 020 7397 8900
Beth McKiernan 0131 220 6939
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
TSTBLGDRXUBBGBX
Kbc Adv.Tech. (LSE:KBC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Kbc Adv.Tech. (LSE:KBC)
Historical Stock Chart
From Aug 2023 to Aug 2024