21 February 2019 - trading update

A trading update has been released with regards to the current financial year.  As a result of market volatility an expected shortfall in revenue against a relatively fixed cost base, results for the full year are now expected to be significantly below previous expectations.  In December it was reported that the company had been experiencing macro-economic and political uncertainties across its end markets, particularly in the Far East and automotive markets, with order intake for the fourth quarter expected to be significantly below originally predicted levels.  Trading conditions have since become more challenging, with . . .

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