Trading Statement
May 10 2006 - 6:36AM
UK Regulatory
RNS Number:7352C
Armour Group PLC
10 May 2006
Armour Group plc
Trading Statement
In our Interim Statement released on 30 March 2006 we stated that market
conditions were challenging, particularly in our automotive business. The
traditional Easter pick-up in the automotive market has not materialised with
sales below expectations and there are no signs of any immediate improvement.
Our home division continues to perform well and is expected to comfortably
exceed last year results. However, the launch of three key new products has been
delayed until late autumn. As a result, the full year operating profits are now
expected to be lower than previously anticipated. The Alphason acquisition is
settling into the Group well and is expected to meet the forecasts set at the
time of the acquisition.
As a consequence of the above, it is now anticipated that the operating profits
for the Group will be below current market expectations for the year to 31
August 2006.
For further information, please contact:
Armour Group plc 01892 502 700
George Dexter, Chief Executive
John Harris
KBC Peel Hunt 0207 418 8900
Richard Kaufer
Weber Shandwick Square Mile 020 7067 0700
Trevor Bass
This information is provided by RNS
The company news service from the London Stock Exchange
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