3 March 2011 – AGM Statement

The group has reported a strong start to the current year with orders ahead of last year.  Revenues and profits are significantly ahead of last year and recent acquisitions are performing at least as well as expected.  There is also an attractive pipeline of possible acquisitions which are currently being considered.  Despite the steady rise in the share price, the shares are still on a p/e ratio of under 10x and given growth prospects the shares remain a BUY.