MRX Metalrax Group

RNS Number:6308M
Metalrax Group PLC
23 May 2005


Issued on behalf of Metalrax Group PLC
Date: Monday, 23 May 2005

                                                               IMMEDIATE RELEASE


                               METALRAX GROUP PLC
                             Annual General Meeting


             Metalrax Group turnover increases in first four months


At today's Annual General Meeting (23 May 2005), John Crabtree, Non-Executive 
Chairman told shareholders:

"In the first four months of the current year group turnover and orders from
customers have continued at increased levels compared with the same period last
year. Welcome contributions from recent strategic acquisitions have assisted in
maintaining this forward momentum.

"At the same time, operating profits have been adversely affected by a number of
factors which fall largely outside the control of group management. These
problems include the well publicised and ongoing downturn in consumer spending
in the retail sector, the direct and indirect damage caused by the closure of MG
Rover and Powertrain, and the persistent inflationary effects of commodity and
utility price increases.

"In the face of such major challenges to our local and national economy, we
maintain our determination to improve group performance and utilise our
financial strength to advance shareholder value."



Enquiries:
Richard Arbuthnot, Chief Executive           Fiona Tooley
Metalrax Group PLC                           Citigate Dewe Rogerson Ltd
Tel: 0121 433 3444                           Tel: 0121 455 8370
E-mail: info@metalrax-group.co.uk            Mobile: 07785 703523
www.metalrax-group.co.uk




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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