15th Dec 2010 07:00
15 December 2010
Laird PLC
Pre-Close Trading Update
Laird PLC, a leader in the design and supply of performance critical components and systems for wireless and other advanced electronic applications, today issues its trading update ahead of its financial year end on 31 December 2010.
Overall, performance continues to be in line with that described in our Interim Management Statement dated 27 October 2010, with some continued volatility in demand in our Performance Materials Division's IT and telecoms market segments.
Our acquisition of Cattron Group International was announced on 23 November 2010, expanding our business in industrial wireless controls and we are proceeding with its integration. Its performance is in line with our expectations, and the acquisition remains on track to be significantly earnings enhancing in 2011.
Laird's financial position remains strong. We are benefitting from the improvement in our end user markets, from the diversification of our customer base, from new product developments, and from the restructuring actions we have taken. We anticipate performance for this year to be in line with expectations, and to make further strong progress in 2011.
For enquiries: | Laird PLC | Maitland |
Peter Hill, Chief Executive | Brian Hudspith | |
Jonathan Silver, Finance Director | ||
Tel: 020 7468 4040 | Tel: 020 7379 5151 |
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