Dewhurst PLC
22 July 2004
Dewhurst plc
('the Company')
Trading Statement
The Company recently had to tender for the supply of a keyboard for the latest
model of Automated Teller Machine for a major customer within the keypad
division. Regrettably, due to price pressure from overseas manufacturers, the
Company has been informed it has lost this contract. This is not expected to
have an immediate impact on the Company as the new model is not forecast to
replace production volumes of the existing product until late 2005. The effect
in the Company's 2005 financial year should not be significant, based on current
information. However the work for this customer represents a significant supply
contract within the division, which the Directors estimate would have accounted
for approximately £5 million of revenues in the year to September 2006.
In the Lift Division, the Company is pleased to report that we have been
selected to provide the lift pushbuttons and indicators for the majority of the
lifts on Heathrow's new Terminal 5.
As regards current trading, the Board of Dewhurst can confirm that trading in
the year to date is progressing satisfactorily and is projected to meet or
exceed expectations.
Enquiries:
Richard Dewhurst / David Dewhurst
Dewhurst plc
Telephone: 020 8607 7330
This information is provided by RNS
The company news service from the London Stock Exchange
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