AGM Statement
LPA Group plc anticipates meeting full-year market expectations, projecting a significantly stronger operating performance than the previous year, driven by strengthened customer and stakeholder relationships. The company is developing a new electronics and software solution for a European rail customer by integrating its engineering capabilities with the Martek power converter expertise. Furthermore, LPA Group is now developing its own defence products, including integrated connector and power converter solutions, leveraging group-wide capabilities beyond its traditional value-added distribution model. Shareholder feedback on recent changes, strategy, and successful refinancing has been positive.
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At the 2026 Annual General Meeting of the Group, to be held at 12.00 noon later today, the Chairman, Robert B Horvath, will make the following statement:
"Trading in the first five months of the financial year, together with the current order book and sales pipeline, keeps us on track to meet full-year market expectations. As outlined in my previous statements, we anticipate delivering a significantly stronger operating performance in the current financial year than we did last.
Our focus over the past six months has been on strengthening customer and stakeholder relationships which is bearing fruit. A few examples of this include:
- Combining our established engineering and manufacturing capabilities with the power converter expertise acquired through the former Martek business, we have been invited to develop a new electronics and software solution for one of our European rail customers.
- The defence market for LPA has historically been accessed through our value added distribution business but now with our ability to leverage Group-wide capability we are developing our own products for the defence market; including integrated product solutions of connectors and power converters specifically for defence applications.
- We have also proactively engaged with a broader range of our shareholders who have significant investments in our shares. We have been given very positive feedback from them on the changes made and strategy set out by the Group over the past year; and especially over the successful refinancing of the business."
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