RNS Number : 6119E
Hamworthy plc
30 September 2008
Press Release 30 September 2008
Hamworthy plc
("Hamworthy" or "the Group")
Pre-Close Trading Update
Hamworthy (AIM:HMY), a world leader in the design and manufacture of innovative marine
and offshore fluid handling systems, is pleased
to give the following trading update as it enters its close period.
The order book at 31 August 2008 stood at £303 million for delivery over the next three
years (31 August 2007: £301 million).
During the period the Group made further progress in delivering its strategy of expanding
its position in key long-term growth markets
and improving margins through operational excellence.
First half performance is anticipated to be relatively strong due to the timing of certain
contract deliveries and expenditures together
with particularly robust demand in aftersales. The Board anticipates that full year trading
performance will meet its expectations. In
addition the average rates for the Group's local reporting currencies have continued to
strengthen against sterling resulting in a
favourable translation effect compared to the prior year. Hamworthy continues to maintain a
strong balance sheet and the Board looks
forward to the future with confidence.
The Group will be announcing its Interim Results on 25 November 2008. An analyst briefing
given by Gordon Page (Non-Executive
Chairman), Joe Oatley (Chief Executive), and Paul Crompton (Finance Director), will be held at
09.30 a.m. on 25 November 2008 at Abchurch
Communications Ltd, 5th Floor, 100 Cannon Street, London, EC4N 6EU.
- Ends -
For further information:
Hamworthy plc
Joe Oatley, Chief Executive Tel: +44 (0) 1202 662 600
Paul Crompton, Finance Director www.hamworthy.com
Hawkpoint Partners Limited
Christopher Kemball Tel: +44 (0) 20 7665 4500
Vinay Ghai www.hawkpoint.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Ariane Comstive Tel: +44 (0) 20 7398 7705
ariane.comstive@abchurch-group.com www.abchurch-group.com
Notes to editors
Hamworthy is a leader in the design and manufacture of innovative gas handling, pumping
and water management systems for the merchant
marine, cruise, onshore and offshore oil and gas sectors. The business benefits from markets
that have long-term growth prospects. It
produces technically advanced solutions, often in response to environmental needs or
legislation. Hamworthy has a balanced portfolio of
businesses which has enabled it to grow its order book consistently for the last five years.
With its headquarters in the UK, operations in 11 countries and representation in over 50,
the Group has established a leading global
position in its chosen markets.
Further information on Hamworthy plc can be found at www.hamworthy.com
This information is provided by RNS
The company news service from the London Stock Exchange
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