Acal PLC
29 March 2004
FOR RELEASE 07:00 hrs 29 MARCH 2004
ACAL plc
(A leading pan-European, value added distributor providing specialist design-in,
sales and marketing services for international suppliers)
Pre-Close Period Trading Update
Ahead of forthcoming discussions with investors and analysts, we are updating
the stock market on recent trading and developments.
As indicated at the time of the publication of our interim results in December
2003, distribution companies in our sectors with a presence in the USA and the
Far East were reporting growth in sales. This trend seems to be continuing,
although it is not yet the case in Europe.
Over recent months, our quarterly group order rates have shown growth over the
corresponding quarters in the prior year. This is true for all divisions except
the IT Parts Services division. Sales growth is beginning to follow the order
pattern, although shipments are being affected in some cases by suppliers'
inability to deliver products and by delays in US export clearance of sensitive
products. However, it seems too early to say whether there is a sustainable
positive trend in the UK and Continental Europe.
Trading has been more difficult than expected in the IT Parts Services
businesses particularly in the Netherlands and France. With a reduced potential
in the Netherlands we have decided to close our IT Parts operation there. This
decision will result in exceptional closure costs of between £0.5m to £1.0m.
The preliminary results for the year ending 31 March 2004 will be announced on 7
June 2004.
For further information:-
Jim Virdee Finance Director 01483 544500
Tony Laughton Chief Executive 01483 544500
Grace Marriner Beattie Financial 020 7398 3300
Notes to Editors:-
1 The Acal Group is a leading European, value-added distributor providing
specialist design-in, sales and marketing services for international
suppliers in the fields of Electronic Components, Information Technology
Products, IT Parts Services and Industrial Controls. Its value-added
philosophy and geographic coverage enables Acal to provide specialist
knowledge and support to customers on a pan-European basis.
2 Design-in is the process by which Acal's sales engineers work with
customers and suppliers to procure components which meet the specific
technical and performance needs of the customers.
3 Acal has operating companies in the UK, Netherlands, Belgium, Germany,
France, Italy, Scandinavia and the USA.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.