Armour Group PLC
11 December 2007
Armour Group plc, the UK's leading consumer electronics group focused on the
in-car communication and entertainment and home entertainment markets is holding
its Annual General Meeting at 12.00 today. Bob Morton, Chairman, will make the
'I am pleased to report that in November we enjoyed the best month's trading in
our history. The Group's sales and profit for the first quarter are both ahead
of the prior year and comfortably in line with expectations, with like for like
sales up 6% on last year.
We have made good progress with both operating divisions launching a number of
key new products, including a new multi-room entertainment system and our new iO
range of in-car Bluetooth music streaming and handsfree mobile phone solutions,
for which we have already taken £250k of orders since the launch in October.
I am delighted to announce today that Armour Automotive has secured three
important new agreements which are expected to have a positive impact on trading
The first of these agreements is with LDV Group Limited, the commercial vehicle
manufacturer. Armour Automotive will supply the vehicle radio system for a
production line fit for all LDV models.
The second is a retail agreement with The Carphone Warehouse, Europe's largest
independent retailer of mobile phones and services. Under the agreement Armour
Automotive will supply its iO Play and iO Connect products to The Carphone
Warehouse's 785 stores across the UK as a music streaming accessory and
hands-free kit for the new Apple iPhone and other music mobiles.
The third agreement entered into is a sole distribution agreement with Dextra
Solutions Limited, part of the 20:20 Mobile Group. As one of Europe's largest
and premier distributors of mobile phones and accessories, Dextra Solutions
Limited will distribute the iO product range in the non retail channels in the
UK and across all channels outside the UK.
I am also announcing that with effect from today the Board of Armour has changed
the Group's nomad and broker from KBC Peel Hunt to JM Finn Capital Markets.
The Board remains confident about the Group's prospects and its ongoing growth
George Dexter Armour Group PLC Tel: 01892 502700
Geoff Nash JM Finn Capital Markets Tel: 020 7600 1658
Trevor Bass Threadneedle Communications Tel: 020 7936 9666
11 December 2007
This information is provided by RNS
The company news service from the London Stock Exchange