AGM Statement (8331I)
22 Junio 2011 - 1:00AM
UK Regulatory
TIDMALG
RNS Number : 8331I
Autologic Holdings PLC
22 June 2011
Autologic Holdings plc
("Autologic" or "the Group")
AGM Statement
Autologic, a leading provider of support services to the
automotive industry, will be holding its Annual General Meeting
today and John Davies, Non-Executive Chairman, will provide the
following update on current trading.
"In March, when the Group's final results were published, we
stated that we were cautious about the outlook for 2011 in view of
the macro-economic environment. While this remains the case, I am
pleased to report that the new financial year, to 31 December 2011,
has started well. Sales volumes since 1 January to the end of May
are ahead of the same period last year on a like-for-like basis and
we expect results for the first half and consequently the full year
to be better than we originally anticipated. The improvement on
last year reflects greater activity in both the UK and Mainland
Europe but was also in part helped by the poor weather experienced
at the end of 2010, which deferred some activity into 2011.
The Group remains well positioned for the full year, albeit that
trading conditions in the current economic climate remain difficult
to predict with certainty."
Enquiries:
Autologic Holdings plc 01604 664458
Avril Palmer-Baunack, Chief
Executive
Andrew Somerville, Finance
Director
Collins Stewart Europe Limited 020 7523 8350
Matt Goode / Rishi Shah
Biddicks 020 3178 6378
Katie Tzouliadis
This information is provided by RNS
The company news service from the London Stock Exchange
END
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