ROM Romag

 

TIDMROM 
 
RNS Number : 7574T 
Romag Holdings PLC 
04 October 2010 
 

 
 
 
 
                  Romag Holdings plc ("Romag" or the "Company") 
 
                                 Trading Update 
 
4 October 2010 
 
 
The Board of Directors is pleased to provide an update regarding our Company 
announcement dated 19 August 2010. 
 
In August, we announced that there had been delays in the supply of certain key 
materials and delays in sales to customers due to a lack of credit insurance and 
funding available to those customers.  We also announced that a review of 
photovoltaic-related inventories, in the context of the dynamic market 
conditions in solar pv, would lead to a write-down in the valuation of certain 
items and that these factors would lead the Company to report a loss for the 
year to 30 September 2010. 
 
The directors are pleased to report that the issues relating to the supply of 
key materials have now been resolved and that delays which have held back sales 
in the year to 30 September 2010, have eased substantially. 
 
In addition, our review of inventories is not yet entirely complete, but work to 
date suggests it will be necessary to write down inventories by cGBP3.5 million. 
 
Whilst Romag will report a loss after interest, tax and exceptional items 
(including the inventory write-down), the directors anticipate reporting a 
modest profit before these items when we make our preliminary announcement for 
the year to 30 September 2010. 
 
The outlook for Romag remains positive and the order book now stands at cGBP18 
million, an increase of GBP2 million since the announcement in August. 
 
 
Enquiries: 
 
Romag Holdings plc                01207 500 000 
David Banks 
 
Kreab Gavin Anderson            0207 074 1800 
Ken Cronin 
Michael Turner 
Natalie Biasin 
 
Arbuthnot Securities                0207 012 2000 
Antonio Bossi 
Tom Griffiths 
 
Note to editors: 
 
Romag Holdings plc is a leading manufacturer of glass and plastic composites 
based in Consett, County Durham.  Romag has developed a range of photovoltaic 
glass products (PowerGlaz) for use in the generation of renewable energy. 
 
Romag also manufactures a wide range of products for the security, transport and 
architecture markets to protect people against a variety of risks and threats. 
Businesses using the group's high-impact glass products include BAA, Securicor, 
government departments, banks, building societies and train operators. 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTQFLFBBBFZFBV 
 

Romag Holdings (LSE:ROM)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024

Romag Holdings (LSE:ROM)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024