3rd Jun 2025 14:29
(Alliance News) - LPA Group PLC on Tuesday updated full-year guidance after noting delays to its delivery schedule.
The Essex, England-based engineering company focused on electronic systems expects pretax loss for the year to September 30 to narrow to GBP500,000 from GBP593,000 the year prior.
Full-year revenue is forecast to be GBP24.5 million, up from GBP23.4 million on-year, but 1.4% below the firm's initial guidance.
LPA Group shares were down 12% at 46.33 pence each Tuesday afternoon in London.
LPA attributed this to revised delivery schedules for two rail contracts, set to deliver products for end users in Europe and the UK.
Expectations for financial 2026 remain unchanged and LPA still expects a return to profit. The firm is targeting a pretax profit of GBP500,000 in the year to September 30, 2026, alongside revenue of about GBP28.5 million.
LPA's Chair Robert Horvath commented: "We are pleased to report that, notwithstanding the changing call off schedules on some of our rail project work, we have had very strong order intake of GBP17 million in the first-half of the current financial year, and this being predominantly for standard products.
"We are fully committed to delivering a more robust business and I am satisfied that our strategy is working; the business remains well positioned for future profitability and to grow as we have indicated. There is a huge amount of change going on in the rail industry as the Government embarks on the creation of Great British Rail, the dissolution of the franchises and its renationalisation programme.
"Change will lead to opportunity," Horvath added.
By Holly Munks, Alliance News reporter
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