9th Feb 2015 08:38
LONDON (Alliance News) - Customised electronics company Acal PLC on Monday said it remains on track to meet its expectations for the year as it posted sales growth in the second half so far.
Acal said its sales for the period from October 1 to date rose 30% year-on-year and were up 40% at constant currencies. Like-for-like underlying growth rates in its Custom Distribution and Design & Manufacturing divisions were in line with the first half, it added.
The group said its BFi website is making progress, with new business generated online nearly doubling in the third quarter compared to the first half.
"The second half of the year is progressing well. Organic trading is performing as expected, as are the recent acquisitions, which are generating new sales opportunities and further operational efficiencies around the group," said Acal Chief Executive Nick Jefferies.
"With a continuing robust order book in excess of GBP80 million, we remain on track to deliver strong growth in underlying earnings per share for the year in line with our expectations, despite the economic conditions," Jefferies added.
Shares in Acal were up 2.0% to 260.00 pence on Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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