KBC Advanced Technologies plc Trading Update and Board Change (8365Y)

TIDMKBC

RNS Number : 8365Y

KBC Advanced Technologies plc

30 January 2014

Embargoed until 0700 hrs 30 January 2014

KBC Advanced Technologies plc

("KBC", the "Group" or the "Company")

Trading Update and Board Change

KBC is pleased to announce the following trading update in relation to the full year results for the 12 months ended 31 December 2013 that will be announced during March 2014.

Following a strong first half, good operational and financial progress was maintained in the second half. Investment in key growth markets continued with new hires and contract awards in the FSU, Middle East, China and SE Asia. As a consequence, the Board anticipates that results for the year to 31 December 2013 will be slightly ahead of management's expectations.

2014 has started strongly and we are confident that the operational changes implemented over the past year position the Company well for the current year and beyond.

KBC also announces that Caroline Brown, Director and Chief Financial Officer of KBC, will be stepping down from the Board and leaving the Group in early April 2014, after the release of KBC's audited financial results, in order to pursue other business interests. The Company will shortly commence a search for a new CFO and has a transition plan in place until a suitable replacement is found.

The Board would like to thank Caroline for her significant contribution to the progress KBC has made during her time with the Company, which has included a strong improvement in trading, a swift and effective cost restructuring exercise, a large-scale investment in KBC's fiscal and operating structure and enhanced investor relations. We wish Caroline every success in the future.

-Ends-

 
 KBC Advanced Technologies plc 
 Ian Godden, Chairman              +44 (0)1932 236335 
 Cenkos Securities plc 
 Bobbie Hilliam/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 global hydrocarbon processing industry. With over 30 years of experience, 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

MSCPGURUGUPCGRB

Kbc Adv.Tech. (LSE:KBC)
Historical Stock Chart
From Jun 2024 to Jul 2024