Northern Bear Plc Trading Update (0795M)
12 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMNTBR
RNS Number : 0795M
Northern Bear Plc
12 September 2023
12 September 2023
Northern Bear plc
("Northern Bear" or the "Company")
Trading Update
The Board of Directors (the "Board") of Northern Bear
(LSE:NTBR), the AIM listed group of companies providing specialist
building and support services to customers in Northern England and
across the UK, is pleased to provide an update on trading for the
Company and its subsidiaries (together, the "Group") ahead of its
Annual General Meeting at 2.00pm today at A1 Grainger, Prestwick
Park, Prestwick, Newcastle upon Tyne, NE20 9SJ.
Ahead of that meeting Northern Bear confirms that the Group has
continued to trade in line with management's expectations since
publication of the preliminary results on 17 July 2023. Trading in
the new financial year from 1 April to 31 July is ahead of strong
prior year results for the same period, and site activity levels
remain high despite the ongoing economic challenges and their
related impact on the construction industry.
The Group's interim results are expected to be released in
November 2023, at which point the Board will provide further
guidance as to the full financial year ending 31 March 2024 as we
continue to monitor ongoing uncertainties in the economic climate
in which we operate, including challenges with attracting and
retaining high quality employees in the construction industry.
Jeff Baryshnik, Non-Executive Chairman of Northern Bear,
commented:
"I am delighted that whilst relatively early in the Group's
financial year, our forward order book remains robust and is
expected to support full year results in line with management's and
the market's expectations."
For further information, please contact:
Northern Bear PLC
Jeff Baryshnik - Non-Executive Chairman
Tom Hayes - Finance Director +44 (0) 166 182 0369
Strand Hanson Limited (Nominated Adviser)
James Harris
James Bellman +44 (0) 20 7409 3494
Hybridan LLP (Nominated Broker)
Claire Louise Noyce +44 (0) 20 3764 2341
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END
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September 12, 2023 02:00 ET (06:00 GMT)
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