6 January 2015 – trading update
Sales for the 17 months ending 31 December 2014 were $82.5m, 10% ahead of the adjusted 17 month comparative period. Fortunes were mixed across geographies. North America grew 30%, Europe, Middle East and Africa grew 19%, Asia Pacific grew 11% and Latin American sales were 20% lower although this does follow a number of several years of strong growth. Operating profits, before foreign exchange movements, are expected to be over $4.80m, marginally ahead of the adjusted 17 month comparative period. Results for the 17 months to 31 December 2014 are expected to be published on 26 February. The shares remain GOOD VALUE.