17th Sep 2015 10:32
LONDON (Alliance News) - 600 Group PLC on Thursday said it is trading in line with market expectations and said it expects new product launches to offset any challenges it will face from uncertain markets.
The company, which makes machine tools and laser marking equipment, said trading is currently in line with market expectations and ahead year-on-year. The North American machine tools arm has performed well since the start of the financial year in April, but its European business has been hit by a slowdown in recent months due to the economic uncertainty plaguing the region.
Chairman Paul Dupee said that while these economic conditions look set to remain uncertain, it expects the machine tool arm to make further progress on its range of products and as it enters new markets.
600 Group shares were untraded on Wednesday, having last traded at 16.48 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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