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Sprue Aegis Plc (SPRP)

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Thursday 16 January, 2014

Sprue Aegis Plc

Trading update and update on transfer of listin...

16 January 2014

                                Sprue Aegis plc                                
                          ("Sprue" or the "Company")                           

   Trading update and update on transfer of Sprue's listing from ISDX to AIM   

Trading update

Sprue, one of Europe's leading home safety products suppliers, today issues a
trading update ahead of its audited results for the year ended 31 December
2013, which are expected to be announced in April 2014.

2013 was a strong year of trading for Sprue, reflected in record sales ahead of
market expectations at approximately £48.3m, up 30% on the prior year and an
operating profit which is anticipated to be in line with market expectations
for the year before exceptional bid defence costs of £0.4m.

Continental Europe, in particular Germany, has seen very strong demand,
principally from higher sales of the award winning FireAngel ST-620 Thermoptek
smoke alarm and Sprue's FireAngel WST-630 which includes a wireless radio
module. In the UK, Retail and Utilities and Leisure have also performed
strongly, largely on the back of growth in carbon monoxide detector sales and
significant contract wins in 2012. In addition, sales of the Company's own
carbon monoxide sensors more than doubled compared to 2012.

As expected, gross margin has declined slightly compared to FY 2012 principally
due to changes in sales mix. Operating profit is significantly higher than in
2012, benefiting from the operational leverage from higher sales. The balance
sheet at the year end remained strong with £5.2m of cash and no debt.

The Company is pleased to confirm that the miniaturised version of its existing
carbon monoxide sensor, the Nano-905 has commenced manufacture and is expected
to be installed in carbon monoxide detectors in H1 2014.

The Company's forward order book remains strong and with the planned launch of
the SONA trade range and other significant new products this year, the Board
remains confident of the outlook for 2014.

The Company reaffirms its commitment to continue to develop its own technology
and to focus on delivering innovative, technology led, market leading home
safety product solutions to position itself as the market leader in each of the
markets it serves.

Sprue's move to AIM

After consultation with the Company's major shareholders, the Board is pleased
to confirm that it will seek to transfer the Company's listing from ISDX to AIM
in the second quarter of 2014 following publication of the Company's final
results for the year ended 31 December 2013.

                                   - Ends -                                    

The Directors of the issuer accept responsibility for this statement.

For further information, please contact:

Sprue Aegis plc                                      02476 323 232          
Graham Whitworth, Chairman & Group CEO                                      
John Gahan, Group Finance Director                                          
Westhouse Securities                                 0207 601 6100          
Tom Griffiths                                                               
Paul Gillam                                                                 

Notes to Editors

About Sprue Aegis plc

Group overview

With its head office in Coventry, UK, Sprue is one of Europe's leading home
safety products suppliers and manufactures one of the world's smallest carbon
monoxide sensors for use in carbon monoxide alarms. Sprue designs and sells
smoke and carbon monoxide alarms and other safety related products throughout
Europe under the FireAngel, AngelEye, Pace Sensors, First Alert, BRK and Dicon
brands. Sprue enjoys a strong European market presence, a leading UK retail
footprint, is the supplier of choice to the UK's Fire and Rescue Services and
continues to develop its market share in the UK's trade sector. Sprue has an
established network of independent distributors within Continental Europe
providing access into these key growth markets through local partners.

Patented technology

Sprue has patented technology in Europe, the US and other selected territories
and its range of smoke and carbon monoxide alarms is independently certified to
the latest European standards. For further product information, please visit: or or or

a d v e r t i s e m e n t