Trading Update
May 20 2004 - 3:30AM
UK Regulatory
RNS Number:8860Y
Montpellier Group PLC
20 May 2004
Montpellier Group Plc
("Montpellier" or the "Group")
Trading Update
Following the recent management changes at Montpellier, the reconstituted Board
has thoroughly reviewed its businesses. Despite positive underlying current
trading in most of its businesses, the review has revealed material problems not
previously apparent relating to UK construction contracts entered into in prior
years.
As a result the Board expects to report a significant operating loss for the
current financial year ending 30th September 2004. In the Group's interim
results, which will be announced on 3rd June 2004, the Board will set out in
more detail the findings of its review together with its business recovery
plan.
20 May 2004
Enquiries:
Montpellier Group plc Tel: 020 7522 3200
Roy Harrison, Executive Chairman
Sandy McArthur, Group Financial Controller
Rowan Dartington Tel: 0117 933 0020
John Wakefield
College Hill Tel: 020 7457 2020
Mark Garraway
Matthew Gregorowski
This information is provided by RNS
The company news service from the London Stock Exchange
END
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