8th Dec 2005 07:00
Laird Group PLC08 December 2005 8 December 2005 THE LAIRD GROUP PLC TRADING UPDATE ON PROGRESS IN 2005 The Laird Group PLC ("Laird") today issues a Trading Update prior to the end ofits financial year on 31 December 2005. Laird has continued to maintain good momentum in 2005. The positive organicturnover growth seen in the first half of the year has been maintained throughthe second half, while the Group has continued to benefit from the strength ofits businesses, the diversity of its products and markets, and its wellestablished, yet still expanding, low cost manufacturing base. Results areanticipated to be in line with expectations. In Laird Technologies our businesses have continued to perform well withcontinued strong demand for antennae and shielding products for the cellularhandset market. In Laird Security Systems, the UK conservatory and windowmarkets have remained weak. We have, though, as previously announced, reducedour exposure to the sector through the disposal of Permacell Finesse inSeptember, and we are now benefiting from the actions we have taken during theyear to reduce costs. Composite doors have again performed well, while LairdSecurity Systems' US business has continued its record of excellent growth. Theacquisitions we have made in both our market leading divisions are performingwell. For enquiries: The Laird Group PLC 020 7468 4040 Peter Hill, Chief Executive Jonathan Silver, Finance Director The Maitland Consultancy 020 7379 5151 Brian Hudspith Charlotte Barker This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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