Trading Statement

Flomerics Group PLC 30 October 2002 30 October 2002 FLOMERICS GROUP PLC Trading Statement In the interim statement released on 31 July 2002, the Chairman commented that slow trading conditions would persist throughout 2002. As always, the results for the year as a whole are significantly dependent on renewals and new sales in the fourth quarter. Whilst there is still a range of possible outcomes, the Board now considers that the results for the current year are likely to be below its expectations. The directors believe that Flomerics is maintaining a strong competitive position but, because of the cut backs that customers are continuing to make, renewals are tending to be at a lower level and prospective new customers are tending to defer purchases. As a result, the directors consider that turnover in the current year is now likely to be below market expectations. However, the impact on the bottom line will be reduced by the actions that continue to be taken to control costs. Looking ahead to 2003, the directors expect the difficult market conditions to continue for some time. Nevertheless they see good prospects for some growth in turnover with particular benefit being derived from the launch of the integrated product of FLOTHERM and FLO/EMC in early 2003. For further information please contact: Flomerics: David Tatchell, Chief Executive 020 8941 8810 Chris Ogle, Finance Director Teather & Greenwood: Dugald Carlean 020 7426 9593 Buchanan Communications: Tim Thompson 020 7466 5000 This information is provided by RNS The company news service from the London Stock Exchange
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