3 May 2016 – AGM statement
The group is to provide investors with a trading update at the AGM today and this will confirm that trading in the first three months of the year has been in line with expectations. Following the pattern of last year further revenue growth is expected in the second half of the year as evidenced by the strong order book. The group has also confirmed that it has opened a new regional design centre in Stockholm to add to those opened last year in Shanghai. Norwich and Southampton. We believe that prospects for the group remain encouraging and that this is not fully recognised by the market. We therefore believe that the shares are a BUY.