Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Sprue Aegis plc (SPRP)

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Tuesday 24 January, 2017

Sprue Aegis plc

Trading update

RNS Number : 8912U
Sprue Aegis plc
24 January 2017
 

24 January 2017

Sprue Aegis plc

("Sprue" or the "Company" or the "Group")

 

Trading update

Sprue (AIM: SPRP), one of Europe's leading home safety products suppliers, today announces a trading update ahead of the release of its audited final results for the year ended 31 December 2016, which are expected to be in line with market expectations.  The figures set out in this announcement are subject to audit.

Sales are expected to be approximately £57.1m (2015: £88.3m) and the operating profit* (post a £0.2m restructuring charge) is expected to be approximately £2.1m (2015: £12.8m).  The Group delivered an improved performance in the second half with an estimated H2 2016 operating profit* of £3.0m (H1 2016: operating loss of £0.9m before share based payments charge).  

The reduction in sales was mainly driven by significantly lower demand in France. However, sales into Germany recovered strongly in 2016, up 52% on 2015, primarily underpinned by the launch of new FireAngel products in H2 2016.  Due to the phased introduction of smoke alarm regulation in further states in Germany and the timing of the commencement of product replacement cycles, the Board expects the German market will continue to provide significant growth opportunities for the Group.

Since the EU referendum, the Group has seen significant product cost inflation due to the weakness of Sterling against the US Dollar, which was only partially offset by the strength of the Euro against Sterling. 

 

FireAngel product returns and FireAngel warranty costs in 2016 were in line with the Board's expectations.  Sprue expensed a core level of FireAngel warranty costs equivalent to approximately 1.0 per cent. of expected 2016 sales and released part of the FireAngel warranty provision to offset warranty expense above that core level.

 

In 2016, the Board increased the stock provision by £0.5m to £0.7m (31 December 2015: £0.2m), primarily in relation to French stock as previously announced.  Net of provisions, stock at 31 December 2016 had reduced by 15 per cent. to approximately £13.3m (2015: £15.6m). 

 

The Company's balance sheet remains strong with £14.3m of cash at the year end (2015: £22.4m) and no debt (2015: £nil). 

The Company expects to announce its final results for the year ended 31 December 2016 in late March 2017.

Graham Whitworth, Executive Chairman of Sprue, commented: 

"We are pleased to report good progress across the Group.  The team worked effectively to address the key challenges which is reflected in the stronger performance in H2 2016.

The functionality of home safety products continues to evolve and our R&D team is working to ensure we maintain our "best in class" reputation.  We are well placed to capitalise on emerging opportunities including sales of connected home products."

*Operating profit in 2016 of £2.1m is stated after a £0.2m restructuring charge (2015: £nil) and before share based payments charge of £0.6m (2015: operating profit of £12.8m is stated before exceptional warranty charge of £5.5m and share based payments charge of £0.5m) 

 

For further information, please contact:

 

Sprue Aegis plc

02477 717700

Graham Whitworth, Executive Chairman

Neil Smith, Group Chief Executive

John Gahan, Group Finance Director




Stockdale Securities

0207 601 6100

Tom Griffiths




Vigo Communications

020 7830 9700

Jeremy Garcia / Fiona Henson / Antonia Pollock


 

 

Notes to Editors

About Sprue Aegis plc

 

Sprue's mission is to protect, save and improve our customers' lives by making innovative, leading edge technology simple and accessible.  Sprue is one of the market leaders in the European home safety products market and is launched its own connected homes product proposition at the end of 2016. 

Sprue's principal products are smoke alarms, CO alarms and accessories and the Group has an extensive portfolio of patented intellectual property in Europe, the US and other selected territories.  Products are sold under the leading brands of FireAngel, AngelEye, SONA, Pace Sensors, FireAngel Pro and Wi-Safe Connect.

Sprue is also the exclusive European distributor for BRK Brands Europe Limited, (a subsidiary of Newell Brands) selling BRK, Dicon and First Alert branded home safety products.

For further product information, please visit:  www.sprue.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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