Westminster Group PLC Trading Update & Notice of Results (7260S)
13 Julio 2020 - 1:00AM
UK Regulatory
TIDMWSG
RNS Number : 7260S
Westminster Group PLC
13 July 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Trading Update
& Notice of Results
Westminster Group Plc (AIM: WSG), a leading supplier of managed
services and technology-based security solutions worldwide, is
issuing a trading update for the 6-month period to 30 June 2020
ahead of its 2020 unaudited interim results announcement which is
expected to be released on 14 August 2020 .
Notwithstanding the impact of COVID-19, trading for 2020 started
on a positive note and this has continued throughout the first six
months of the year. Accordingly, the Board expects to announce an
increase of around 24% in H1 2020 revenues to cGBP7.0m (H1 2019:
GBP5.6m) delivering a much-improved financial performance with a
pre and post-tax profit. Cash at 30 June 2020 stood at cGBP1.6m
Commenting on trading, Westminster's Chief Executive Officer,
Peter Fowler, said:
"We have achieved impressive double digit percentage year on
year revenue growth over the past few years and it is pleasing to
report that, despite the impact of COVID-19 on parts of our
business, this trend has continued during the first six months of
2020.
"Whilst the COVID-19 pandemic continues to create uncertainty
for businesses around the world our business model and multiple
revenue streams from diverse sources and regions worldwide does
provide Westminster with both opportunities and a degree of
resilience.
"These are exciting times for Westminster, and over the next few
months and years, we have an opportunity to achieve unprecedented
growth from the prospects we are pursuing, and the Board and I
remain committed to delivering on this potential."
Investor Webinar
The Company will be holding an investor webinar at 12:30 pm on
23 July 2020 to provide an update on the Company's activities and
trading. Further details and registration details are available on
the Group's website at
https://www.wsg-corporate.com/investor-relations/ . Questions can
be submitted in advance to Westminster@walbrookpr.com .
For further information please contact:
Westminster Group Plc Media enquiries via Walbrook
PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Mark Hughes - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD
& Broker)
Stuart Gledhill 020 3470 0470
Caroline Rowe
Walbrook (Investor Relations)
Tom Cooper 020 7933 8780
Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
Notes:
Westminster Group plc is a specialist security and services
group operating worldwide via an extensive international network of
agents and offices in over 50 countries.
Westminster's principal activity is the design, supply and
ongoing support of advanced technology security solutions,
encompassing a wide range of surveillance, detection (including
Fever Detection), tracking and interception technologies and the
provision of long-term managed services contracts such as the
management and running of complete security services and solutions
in airports, ports and other such facilities together with the
provision of manpower, consultancy and training services. The
majority of its customer base, by value, comprises governments and
government agencies, non-governmental organisations (NGO's) and
blue-chip commercial organisations.
The Westminster Group Foundation was formed in 2014 as an
initiative of Westminster Group plc. during the West African Ebola
Crisis.
The Foundation's goal is to support the communities in which the
Group operates by working with local partners and other established
charities to provide goods or services for the relief of poverty
and the advancement of education and healthcare particularly in the
developing world.
The Westminster Group Foundation is a Charitable Incorporated
Organisation, CIO, registered with the Charities Commission number
1158653.
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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