Alumasc Group PLC £5m contract wins (3741X)
February 21 2017 - 2:00AM
UK Regulatory
TIDMALU
RNS Number : 3741X
Alumasc Group PLC
21 February 2017
Announcement 21 February 2017
The Alumasc Group Plc ("Alumasc" or the "Group")
THE ALUMASC GROUP PLC - CONTRACT WINS
Alumasc (ALU.L), the premium building products, systems and
solutions group, is pleased to announce that since the publication
of its interim results on 31 January 2017, Levolux has secured
three contracts to supply bespoke balcony and balustrading systems
in the UK. The total value of these new project wins is
approximately GBP5.0 million and will benefit the group's next two
financial years.
As a result of these and other new work wins, Alumasc's overall
order books have risen to GBP32.9 million, a new record level. This
follows a 17% rise in Alumasc's first half revenues to GBP50.7
million, well ahead of UK construction market growth.
Paul Hooper, Alumasc's Chief Executive commented:
"The emerging success of Levolux's relatively new balconies
business is an exciting development for Alumasc and demonstrates
the group's ability to leverage its proven expertise in the design
and manufacture of specialist building products into significant
new markets. We are pleased with the continued development of the
group's overall order books, which supports the Board's expectation
for further sustainable growth across our business into the medium
term."
Enquiries:
The Alumasc Group plc
Paul Hooper (Chief Executive)
01536 383821
Andrew Magson (Finance Director)
01536 383844
Glenmill Partners Limited
Simon Bloomfield 07771 758514
This information is provided by RNS
The company news service from the London Stock Exchange
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