Trading Update


 

TIDMLGNG 
 
RNS Number : 3815K 
Legion Group PLC 
19 April 2010 
 

Legion Group plc 
("Legion Group" or the "Company") 
 
 
Trading Update 
 
Legion Group plc, the AIM listed security services provider announces a trading 
update as follows: 
 
·      Sales in excess of GBP60m 
·      Gross Profit 16% 
·      Operating profit in excess of GBP3.1m 
·      Non recurring integration costs GBP2.1m 
 
The Company has completed its integration of the two acquired businesses within 
the financial year and is now positioned to focus on growing the brand and 
continuing to consolidate the security sector.  The Company has not been 
entirely immune to the economic downturn and bad debts in the year totalled 
GBP500k made up of both historic write offs and debts from the acquired business 
units. 
 
Legion Group has taken the strategic decision to not significantly reduce margin 
as many in the sector have chosen to do.  The strategy was to protect margin and 
continue to develop the brand through delivering a high quality service. The 
Boards view was that once operating margins have been eroded they are very 
difficult to regain. 
 
Going forward the Company has a strong order book with many 3, 5 and 7 year 
contracts and continues to support public sector, critical national 
infrastructure and blue chip clients.  The Company is well placed to continue to 
enhance the brand and is in discussions and is developing its plans to move into 
other areas of support services under the Legion Group name. 
                                                                   19 April 2010 
 
Enquiries: 
 
+------------------------------+------------------------------+ 
| Legion Group plc             | 01992 701940                 | 
+------------------------------+------------------------------+ 
| Mark Higgins, Chief          |                              | 
| Executive Officer            |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| Seymour Pierce               | 020 7107 8000                | 
+------------------------------+------------------------------+ 
| David Foreman                |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| College Hill                 | 020 7457 2020                | 
+------------------------------+------------------------------+ 
| Nick Elwes                   |                              | 
+------------------------------+------------------------------+ 
 
 
www.legiongroup.co.uk 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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