10 April 2018 – trading update
Revenue for the year to 31 March 2018 is expected to be around 20% up on the previous year with buoyant end markets and the impact of new business wins having a positive impact. Solid progress has been made across both divisions with all businesses delivering increased revenue and substantial improvements in profitability over the previous year. The performances of the US business and the joint venture in China have been encouraging. Results in the final quarter of the financial year were better than anticipated so profit before tax should now be ahead of expectations. Final results are due to be released on 6 June. The shares are a BUY.