24th Jul 2015 08:41
LONDON (Alliance News) - KBC Advanced Technologies PLC Friday expressed confidence in meeting its expectations for its full year, saying trading in the first half of 2015 has been "as anticipated."
It cited its order backlog, as well as good visibility on its future pipeline of contract work and software sales, as underpinning its confidence in meeting expectations.
The company said there has been some slowdowns and cost reductions in some segments of the energy sector, these have been balanced by a shift in sector spending towards operational efficiency and production optimisation initiatives, areas in which KBC is strong and therefore "well placed" to take advantage of.
Shares in KBC Advanced Technologies are trading down 0.8% at 119.60 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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