Petards Group PLC AGM Statement (2345L)

TIDMPEG

RNS Number : 2345L

Petards Group PLC

18 April 2018

PETARDS GROUP PLC

("Petards" or the "Group")

AGM Statement

Petards, the AIM quoted developer of advanced security and surveillance systems will hold its AGM this morning at 11.00 a.m. at The County Club, 158 High Street, Guildford, Surrey. At the AGM, Petards Chairman, Raschid Abdullah will make the following statement:

"I am pleased to report that in the first quarter of 2018 the Group has traded well with revenues being slightly ahead of management's expectations and almost 15% up on the same period in 2017.

"Order intake for the period was higher than anticipated. This was primarily the result of the receipt of the GBP1.5 million of radio communication contracts received from the MOD announced in February, although excluding those contracts, order intake was still higher than expected.

"The Group entered 2018 with an order book of over GBP18 million and order coverage for 2018 revenues in excess of GBP12 million. At 31 March 2018 the order book of GBP18 million has been maintained and coverage of 2018 revenues from that order book and from the first quarter's revenues has now increased to over GBP15 million.

"The visibility of forward revenues, together with the continuing discussions for major new projects referred to in the 2017 Annual Report, provides the Board with confidence that the 2018 full year results will show further progress over those achieved in 2017."

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Contacts:

 
 Petards Group plc            www.petards.com 
 Raschid Abdullah, Chairman   Mb: 07768 905 004 
 
 WH Ireland Limited, Nomad    www.whirelandcb.com 
  and Joint Broker 
 Mike Coe / Ed Allsopp        Tel: 0117 945 3470 
 
 Hybridan LLP, Joint Broker   www.hybridan.com 
 Claire Louise Noyce          Tel: 020 3764 2341 
                               claire.noyce@hybridan.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMIRMFTMBTBBJP

(END) Dow Jones Newswires

April 18, 2018 02:00 ET (06:00 GMT)

Petards (LSE:PEG)
過去株価チャート
から 6 2024 まで 7 2024