RCDO Ricardo Plc

TIDMRCDO

RNS Number : 6779N

Ricardo PLC

22 January 2019

22 January 2019

Ricardo plc

Ricardo plc ("Ricardo") is a global engineering, technical, environmental and strategic consultancy business, which also manufactures and assembles low-volume, high-quality and high-performance products.

Ricardo is today providing an update ahead of its interim results in respect of the six months ended 31 December 2018. Ricardo plans to announce its interim results on 28 February 2019.

In the six-month period, the Group as a whole traded in line with our expectations and plans. Total order intake was good at just over GBP200m, the order book at the period end was GBP300m and revenue was slightly ahead of the prior period. Net debt as at 31 December 2018 was GBP27.5m. Our continued strategy of market sector and geographic diversification has again supported the Group. In the period, the challenging and volatile US and UK Automotive market conditions were balanced by good performances in our Performance Products business (including Software) and in all our other Technical Consulting businesses, with Energy & Environment, Defence, China Automotive and Strategic Consulting performing particularly well.

Further enquiries:

 
 Ricardo plc 
 Dave Shemmans, Chief Executive 
  Officer                                  Tel:    01273 455611 
 Ian Gibson, Chief Financial Officer 
 
 Website: www.ricardo.com 
 
 Newgate Communications                    Tel:    020 7653 9842 
 Adam Lloyd, Ian Silvera, Imogen         Email:    ricardo@newgatecomms.com 
  Humphreys 
 

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