25th Jul 2006 13:17
UMECO PLC25 July 2006 25 July 2006 UMECO plc AGM Statement At today's Annual General Meeting of Umeco plc, an international provider ofsupply chain and repair & overhaul services and advanced composite materialsprimarily to the aerospace & defence and automotive industries, Chairman BrianMcGowan made the following statement on current trading: "We have made a good start to the year with business performance being ahead ofthis time last year. It is pleasing to report that our current order intakecontinues to run strongly ahead of deliveries as a result of the recovery in thecivil aerospace market and of new contract wins. "We continue to seek bolt-on acquisitions and a number of interestingopportunities are under consideration." - Ends - For further information, please contact: Umeco plc 01926 331800Clive Snowdon, Chief ExecutiveJohn Beaumont, Finance Directorwww.umeco.com Hogarth Partnership Ltd 020 7357 9477John OlsenBarnaby Fry Umeco plc Umeco is a leading innovator in distribution, supply chain management and repairand overhaul services to the aerospace and defence industries, harnessing newmethods for enhancing its customers' performance and profitability. Umeco also has significant manufacturing interests in advanced compositematerials for a growing range of applications in its core aerospace and defencemarkets and in other high performance technology industries such as motor sport,automotive and wind energy. Listed on the London Stock Exchange, Umeco had turnover of £293.2 million in theyear to 31 March 2006. Umeco is managed through three divisions:- Umeco Components - a leading international provider of value-added distributionand supply chain outsourcing services to customers in the aerospace & defencemarket. With its specialisation in the supply of small components andsophisticated IT systems, its growing global customer base can enjoy significantoperational, cost and working capital benefits. Customers include Rolls-Royce plc, BAE SYSTEMS, Snecma Groupe, Parker Aerospace,Goodrich , Bombardier, Lockheed Martin and the US Department of Defense. Umeco Composites - a provider of a complete range of advanced compositematerials and specialist chemical products principally to the aerospace,motorsport, automotive and wind energy markets. A growing range of value-addedoutsourcing services is provided to major customers. Customers include Boeing, Airbus, BAE SYSTEMS, Goodrich Aerostructures, BritishAirways, Lufthansa Technik, a number of manufacturers of high performance supercars and Formula 1 teams including Team McLaren Mercedes. Umeco Repair and Overhaul - a provider of a comprehensive accessory repair andinstallation service to operators of fixed and rotary wing aircraft ranging insize from executive jets through to a Boeing 747. Customers include British Airways, KLM, Swiss, Alitalia Express, BristowHelicopters, BAE SYSTEMS, Saab Aircraft and Pratt & Whitney. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ubsetfusmca