19th May 2016 07:00
19 May 2016
Hydro International plc
("Hydro", or the "Company")
AGM Statement
Hydro International plc (AIM: HYD), a leading provider of environmentally sustainable and innovative solutions to water management challenges the world over, will be holding its Annual General Meeting today at 12 noon at the Group's headquarters located at Shearwater House, Clevedon Hall Estate, Victoria Road, Clevedon, BS21 7RD. At the meeting, the Board will make the following statement:
During 2016 we have continued to build on the substantial progress made in 2015 in implementing our strategic plans to create a global business capable of delivering profitable sustainable growth.
In March, the Group took another important strategic step in extending our core capabilities with the acquisition of Hydro-Logic Limited and the business of Hydro-Logic Services LLP (collectively Hydro-Logic). Hydro-Logic's technology, expertise and experience help broaden and deepen many aspects of our business. The new products and services that we can offer will give unprecedented insight into the design, installation and operation of water management products, saving money for customers, reducing risk and helping them to protect the environment.
During the first quarter of 2016, order intake momentum has continued, showing solid double-digit growth over the equivalent levels for 2015. We reported at the full year that order intake had recovered strongly in the Americas Wastewater division during the last quarter following a lull in the second and third quarters caused by project delays. As indicated in the Annual Report this hiatus in orders during 2015 will impact the first half results for 2016. While our results will, therefore, be strongly biased to the second half of the year, our strong order position underpins our confidence in the outlook for the full financial year, which remains unchanged from the view expressed in the 2015 Annual Report.
The Group will release interim results for the six months ending 30 June 2016 on Tuesday 6 September 2016.
For further information please contact:
Hydro International plc | Arden Partners plc |
Tel.+44 (0)1275 878371 | Tel. +44 (0)20 7614 5900 |
Michael Jennings, Chief Executive | Steve Douglas |
Tony Hollox, Chief Financial Officer | Patrick Caulfield |
About Hydro International
Hydro International plc (AIM: HYD) (Hydro) is a global supplier of environmentally sustainable products and innovative solutions for the control and treatment of stormwater, wastewater and combined sewer overflows. Hydro's products use a range of advanced technologies including award-winning advanced vortex technology. Headquartered in Clevedon, North Somerset, Hydro also operates in the UK from offices in Ely, Cambridgeshire, as well as across the US from bases in Portland, Maine and Hillsboro, Oregon. The Group has a growing presence outside its core UK and North American markets in territories including: Ireland, the Middle East, Mexico, Brazil, Russia, the European Union, China, Malaysia, Singapore, Korea, Australia and New Zealand.
Please visit the website for further information www.hydro-int.com
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