ENF Enfis Group

    RNS Number : 3730L
  Enfis Group PLC
  09 January 2009
   

    9 January 2009
    Embargoed for release at 7.00am


    Enfis Group plc
    ("Enfis" or the "Company")

    Trading update


    The Board of Enfis (the "Board") announces that the Company has traded in line with management expectations for the year ended 31
December 2008. The strong performance for the period has been underpinned by a number of new contract wins, distribution agreements and
design wins during the period.

    Looking forward, the Company has established a strong pipeline in excess of �20 million. In 2009, the overall rate of revenue growth
continues to mirror what has been achieved in 2008. The Company continues to win new contracts and attract new global distributors. This is
predominantly fuelled by a suite of new products released during 2008 and technological improvements due for release Quarter 1 2009 that
will increase the typical light output of existing light engines and arrays by 50%. Notwithstanding this momentum, the company has continued
to streamline the cost base of its operations as a safeguard against any potential impact of the current macro economic conditions.

    The Board welcomes the recent EU and international initiatives that accelerate the use of more energy efficient lighting within the
coming years. Solid state lighting (SSL) is five times more efficient than incandescent lighting, and the Board believes the Company is well
positioned to capitalise on its strong market position, as businesses and governments alike are looking to invest in efficient technology
that aims to reduce energy costs. 

    The acceleration in SSL markets together with the strong pipeline and successful product delivery history in 2008 give the Board
continued confidence in Enfis' future.
        
    Enfis expect to announce its results for the year ended 31 December 2008, on 16 March 2009.

    Enquiries

    Enfis Group plc (www.enfis.com)                                   Tel: +44 (0) 1792 485 660
    Shaun Oxenham, Chief Executive Officer
    Giles Davies, Chief Financial Officer

    Noble & Company Limited                                             Tel: +44 (0) 20 7763 2200
    John Llewellyn-Lloyd
    Sam Reynolds

    Threadneedle Communications                                     Tel: +44 (0) 20 7653 9850
    Graham Herring 
    Josh Royston


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