24th Jul 2015 07:00
Embargoed until 0700 24 July 2015
KBC Advanced Technologies plc
("KBC" or "the Group")
Trading Update
KBC is pleased to announce the following trading update in relation to the half year results for the six months ended 30 June 2015 that will be released in September.
Trading in the first half has been as anticipated. The firm's order backlog, together with good visibility on the future pipeline of contracted work and software sales, gives the Board confidence that the Group's performance for the full year will be in line with its expectations.
Since the AGM statement in June, KBC has continued to concentrate on its core offerings and strategic direction against difficult energy sector market conditions. Whilst there are certain slowdowns and discretionary cost reductions in some segments of the industry, from a KBC standpoint these are balanced by a shift in sector spending to operational efficiency and production optimisation initiatives, as well as stronger performance in parts of the refining segment due to improving refining margins. With its strengths in these areas, KBC is well placed to take advantage of this shift in investment.
-Ends-
For further information, please contact: | |
KBC Advanced Technologies plc | +44 (0)1932 236314 |
Andrew Howell, CEO | |
Eric Dodd, CFO | |
Cenkos Securities plc | +44 (0)20 7397 8900 |
Bobbie Hilliam/Harry Pardoe | |
Weber Shandwick Financial | +44 (0)20 7067 0000 |
Nick Oborne/Tom Jenkins |
Notes to Editors:
KBC is a leading consultancy and software provider to the global hydrocarbon processing industry. With over 30 years of experience, KBC combines industry leading technology with experienced engineers and operations personnel using robust methodologies to create personalised, sustainable solutions for its clients. For more information, visit www.kbcat.com
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