Airea PLC Trading Update (9020O)
04 Febbraio 2019 - 8:00AM
UK Regulatory
TIDMAIEA
RNS Number : 9020O
Airea PLC
04 February 2019
AIREA PLC
Update on FY 18 trading
Airea plc (LSE: AIEA), the manufacturer, marketer and
distributor of floor coverings, announces the following trading
update for the year ended 31 December 2018.
Trading update
Revenue and Operating profit for continuing operations in the
second half of the year exceeded the performance of the 6 months
ended 30 June 2018 in line with management expectations driven by
the continued growth in the order book and increased sales both in
the UK and Internationally.
The successful launches of our new ranges continue to gain
traction in the market and further launches in 2019 are planned to
continue the revenue growth.
Exceptional items
On 26 October 2018, the High Court reached a judgment in
relation to Lloyds Banking Group's defined benefit pension schemes
which concluded that schemes should equalise pension benefits for
men and women as regards guaranteed minimum pension benefits. The
effect of this decision is still being assessed by the Trustees and
our actuarial advisers, but is likely to impact the pension scheme
liabilities by approximately GBP0.3m. This will not have a
significant impact on the pension schemes funding strategy and will
have no cash impact to the group.
Date of full year announcement
Airea plc will announce its final results for the year ended 31
December 2018 on Thursday 7 March 2019.
Enquiries:
Neil Rylance 01924 266561
Chief Executive Officer
Paul Stevenson
01924 266561
Group Finance Director
Richard Lindley 0113 388 4789
N+1 Singer
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END
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