19th Mar 2025 07:00
19 March 2025
LPA GROUP PLC
("LPA", the "Company" or the "Group")
AGM Statement
At the 2025 Annual General Meeting of the Group to be held at 12.00 noon later today, Robert B Horvath, Chairman, will make the following statement: "Trading in the first five months of the financial year, together with the current year orderbook and pipeline, leave us on track to deliver full year market expectations. As described in the Company's final results, we expect to deliver a much stronger operating performance in the second half of this financial year compared to the current first half. We were pleased to announce recent contract awards in December, February and March. The restructuring of the LPA Group that began in 2024 has gathered pace since the arrival of our new CEO, Dr Philo Daniel-Tran in January 2025.
On 17 March 2025 we announced the completion of our 'bolt-on' acquisition of what is going to be called 'LPA Martek Power' and our strategic plan is to integrate the outsourced manufacturing requirements into the Group's facilities.
Our aviation products continue to sell well through our global distribution network and our engineering solutions business is growing in response to the changing landscape in the global military and defence markets.
The UK Government's plans to re-nationalise the railways are progressing quite rapidly through Parliament. With a reduction in Capex spend and adjustments in maintenance schedules, train manufacturers, owners and operators are focused on short-term planning, yet with an expectation ultimately of longer service lives for existing stock. This aftercare rail market is a key sector for LPA and we anticipate refurbishment programmes well into 2030 and beyond."
For further information, please contact:
LPA Group plc Robert B Horvath, Chairman Philo Daniel-Tran, Chief Executive Officer Stuart Stanyard, Chief Financial Officer | Tel: +44 (0) 1799 512800 www.lpa-group.com |
Cavendish Capital Markets Limited (Nominated Adviser & Broker) Corporate Finance Ed Frisby / Isaac Hooper / Elysia Bough Corporate Broking Tim Redfern | Tel: +44 (0) 20 7220 0500 |
Hudson Sandler (Financial PR) Dan de Belder Nick Moore Francesca Rosser | Tel: +44 (0) 20 7796 4133 |
About LPA
LPA Group plc (AIM: LPA) is an innovation-led engineering specialist in electronic and electro-mechanical components and systems.
Focused on transport (rail and aviation), aerospace, defence, infrastructure and industrial markets and supplying into hostile and challenging environments, LPA is known for engineering solutions to improve product reliability, reducing maintenance and life cycle costs.
The Group has three sites across the UK, selling to customers in the UK and overseas. Two of these are design and manufacturing sites: Saffron Walden, Essex - electro-mechanical systems for rail, aviation and industrial; Normanton, Yorkshire - LED lighting and electronic systems for rail and infrastructure. The third site is Thatcham, Berkshire - value-added distribution of engineered components for rail, aerospace and defence.
With over 150 years of UK design and manufacture, and with origins in the first ever light installed in 'Electric Avenue', Brixton; innovation is core to LPA and to the products and services supplied to our customers worldwide.
For more information visit www.lpa-group.com
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