Pennant International Group PLC Trading Update (5679N)
January 21 2019 - 2:00AM
UK Regulatory
TIDMPEN
RNS Number : 5679N
Pennant International Group PLC
21 January 2019
FOR IMMEDIATE RELEASE 21 January 2019
PENNANT INTERNATIONAL GROUP PLC
Trading Update
Pennant International Group plc ("Pennant" or the "Group"), the
AIM quoted supplier of integrated training and support solutions,
products and services which train and assist operators and
maintainers in the defence and regulated civilian sectors, is
pleased to provide the following update on the Group's trading for
the financial year ended 31 December 2018 ("FY2018").
Trading Update FY2018
Preliminary unaudited assessment of the Group's trading for
FY2018 indicates that Pennant is 'on track' to deliver in line with
market expectations, and anticipates that it will report:
-- Revenues of circa GBP21 million;
-- Earnings before interest, taxation and amortisation of approximately GBP3.3 million;
-- Cash at year-end of circa GBP2 million;
-- Three-year order book at year-end of over GBP37 million.
The Group's audited results for FY2018 are scheduled to be
released on 12 March 2019.
Brexit
The Group continues to monitor developments regarding the UK's
impending exit from the European Union and its potential impact on
the Group's business.
With no significant contracts with customers in EU member states
(other than the UK itself), and no material supply chain in the EU,
the Group expects that Brexit will have minimal effect on its
trading.
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) ("MAR") prior to its release as part
of this announcement and is disclosed in accordance with the
Company's obligations under Article 17 of MAR.
Enquiries:
Pennant International Group plc www.pennantplc.co.uk
Philip Walker, CEO
David Clements, Commercial &
Risk Director +44 (0) 1452 714 914
WH Ireland Limited www.whirelandcb.com
Mike Coe +44 (0) 117 945 3470
Walbrook PR (Financial PR) paul.vann@walbrookpr.com
+44 (0)20 7933 8780
Paul Vann / Tom Cooper +44 (0)7768 807631
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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