AGM Statement
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At the Annual General Meeting of FW Thorpe Plc to be held at 3.15pm today, Chairman, Mike Allcock, publishes the following statement:
"Since the beginning of the new financial year, orders and revenue are marginally ahead of the same period last year - there being some ups and downs across the Group. We expect half-year results to be similar to last year.
The sales teams remain positive, the pipeline is good but projects seem a little slower to materialise than in past years.
New product development remains a high priority and various exciting product innovations are under development.
The long-term picture is always more challenging to determine, however, our geographical and sector diversity combined with our energy saving solutions present opportunities to target profitable growth."
Mike Allcock - Chairman and Joint Chief Executive Craig Muncaster - Joint Chief Executive and Group Financial Director
| Singer Capital Markets - Nominated Adviser and Broker | Tel: 020 7496 3000 |
James Moat/Sam Butcher
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