KBC Advanced Technologies plc Pre-close Trading Update (4763J)
July 17 2013 - 2:00AM
UK Regulatory
TIDMKBC
RNS Number : 4763J
KBC Advanced Technologies plc
17 July 2013
Embargoed until 0700 hrs 17 July 2013
KBC Advanced Technologies plc
("KBC" or "the Group")
Pre-close Trading Update
KBC is pleased to announce the following trading update in
relation to the half year results for the six months ended 30 June
2013 that will be released in September.
Since our AGM statement the Group has continued to make good
progress. In Consulting we have continued to deliver project
milestones and in Technology we achieved further contract awards.
Total contract awards for the first half were GBP32.5m,
significantly ahead of the GBP17.0m achieved in the same period in
2012, and our forward order book remains strong.
Our cost initiatives have progressed to plan in the first half
and investment in key growth markets for Technology and Consulting
will be a focus for the second half. The Group has also made
material progress in aligning management and incentive structures,
to improve our ability to deliver sustainable and profitable growth
across the business.
Following a strong first half, the Board is confident that it
will maintain momentum during the second half and that the Group's
performance for the full year will be in line with management's
expectations.
-Ends-
KBC Advanced Technologies plc
Ian Godden, Chairman +44 (0)1932 236335
Caroline Brown, Chief Financial Officer +44 (0)1932 236335
Cenkos Securities plc
Bobbie Hilliam/Max Hartley/Callum Davidson +44 (0)20 7397 8900
Weber Shandwick Financial
Nick Oborne/Stephanie Badjonat +44 (0)20 7067 0700
Notes to Editors:
KBC is a leading consultancy and software provider to the
hydrocarbon processing industry. With over 30 years of experience,
operating out of 14 global locations, KBC combines industry-leading
technology with experienced engineers and operations personnel
using robust methodologies to create personalised, sustainable
solutions for its clients. 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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