Thorpe(F.W.) PLC AGM Statement (6163T)

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RNS Number : 6163T

Thorpe(F.W.) PLC

16 November 2023

FW Thorpe Plc

Annual General Meeting statement

At the Annual General Meeting of FW Thorpe Plc to be held at 3.15pm today, Chairman, Mike Allcock, publishes the following statement:

"Since the beginning of the new financial year, orders and revenue are marginally ahead of the same period last year - there being some ups and downs across the Group. We expect half-year results to be similar to last year.

The sales teams remain positive, the pipeline is good but projects seem a little slower to materialise than in past years.

New product development remains a high priority and various exciting product innovations are under development.

The long-term picture is always more challenging to determine, however, our geographical and sector diversity combined with our energy saving solutions present opportunities to target profitable growth."

For further information, please contact:

 
 FW Thorpe Plc                                        Tel: 01527 
                                                       583200 
 Mike Allcock - Chairman and Joint Chief Executive 
  Craig Muncaster - Joint Chief Executive and Group 
  Financial Director 
 Singer Capital Markets - Nominated Adviser and       Tel: 020 7496 
  Broker                                               3000 
 James Moat/Sam Butcher

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November 16, 2023 10:15 ET (15:15 GMT)

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