Trading Update
30 Gennaio 2009 - 8:00AM
UK Regulatory
TIDMDYS
RNS Number : 5006M
Dyson Group PLC
30 January 2009
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| For immediate release | 30 January 2009 |
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("The Company")
TRADING UPDATE
Dyson Group plc (LSE:DYS) the materials technology company, today provides the
following update.
As reported on 14 November 2008, the Company has experienced a significant and
material reduction in the demand for its Saffil and Ecoflex products as a
result of the downturn in the global automotive markets.
Following close monitoring of Saffil and Ecoflex forecasts, the Directors have
concluded that their latest view of the outlook for the remainder of the year to
31 March 2009 is likely to result in a further deterioration of performance
below previous expectations. Dyson expects to report a loss for the year to 31
March 2009.
Cost and cash containment actions have already been implemented and are ongoing,
including short-time working and extended factory shut-downs. Constructive
discussions with both of the Company's banks are continuing.
For further enquiries, please contact:
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| Buchanan Communications | Tel: 0207 466 5000 |
| Charles Ryland | |
| Ben Willey | |
| Catherine Breen | |
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| | |
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| KBC Peel Hunt | Tel: 020 7418 8900 |
| Marianne Woods (Corporate Broking) | |
| Julian Blunt (Corporate Finance) | |
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| | |
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| Dyson Group plc | Tel: 0207 340 8527/0114 263 |
| Patrick Lammers, Chief Executive | 2835 |
| Officer | |
| Christopher Kinsella, Finance Director | |
| | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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