16th Dec 2009 07:00
LAIRD PLC
PRE CLOSE TRADING UPDATE
In accordance with our normal practice, we are issuing an update on trading in 2009, ahead of our financial year end on 31 December 2009. Laird PLC is a leader in the design and supply of performance critical components and systems for wireless and other advanced electronic applications, providing innovative technology for a connected world.
On 28 October, in conjunction with our Rights Issue, we announced details of trading in the third quarter of 2009. The principal drivers of the business and our markets which were identified in that statement have continued into the fourth quarter.
Although visibility of customer demand has, and continues to be, limited and volatile, we currently expect that underlying profit before tax for the year will be in line with market expectations.
Laird's financial position is strong. Our decision largely to maintain investment in new product development and engineering, and the consequent expansion of our customer base, together with the actions we have taken to reduce significantly our direct overheads and selling, general administrative costs, leave us well positioned to benefit in 2010.
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For enquiries: |
Laird PLC: |
Maitland: |
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Peter Hill, Chief Executive |
Brian Hudspith |
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Jonathan Silver, Finance Director |
Suzanne Bartch |
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Tel: 020 7468 4040 |
Tel: 020 7379 5151 |
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