21st Jan 2015 07:00
Stadium Group plc
("Stadium", the "Company" or the "Group")
Trading Update and Notice of Results
Stadium Group Plc (AIM: SDM), a leading electronics technologies group, announces that trading for the year ended 31 December 2014 is in line with expectations, supported by a strong performance in Technology Products including Stadium United Wireless which was acquired in July 2014.
In order to support the continuing growth of the business, the Board has decided to upgrade the Group's manufacturing capability in South China by relocating to a new facility at the expiry of the lease on the current site in mid-2015. This new site will significantly enhance Stadium's technical capability, providing a more modern facility, better suited to the increasing expectations of existing and new customers, both in Asia and globally. The total cost of this upgrade to new facilities will be less than £1m, which will be offset by reduced operating costs and forecast growth in 2015 and beyond. It is expected that this investment will achieve payback in two to three years.
Final results for the year ended 31 December 2014 will be announced on Tuesday 10 March 2015.
For further information, please contact:
Stadium Group plc | www.stadium-plc.com |
Charlie Peppiatt, Chief Executive Officer | Tel: 01429 852 500 or Mob: 07990 826697 |
Joanne Estell, Finance Director | Mob: 07807 095419 |
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Walbrook PR | Tel: 020 7933 8780 or [email protected] |
Paul McManus | Mob: 07980 541 893 |
Helen Cresswell | Mob: 07841 917 679 |
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N+1 Singer | Tel: 020 7496 3000 |
Sandy Fraser |
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Richard Lindley |
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