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Trading Update and Notice of Results

21st Jan 2015 07:00

RNS Number : 6881C
Stadium Group PLC
21 January 2015
 

 

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

 

 

Walbrook PR

Tel: 020 7933 8780 or [email protected]

Paul McManus

Mob: 07980 541 893

Helen Cresswell

Mob: 07841 917 679

 

 

N+1 Singer

Tel: 020 7496 3000

Sandy Fraser

 

Richard Lindley

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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