Rotala PLC Trading Statement (9184A)
27 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMROL
RNS Number : 9184A
Rotala PLC
27 January 2020
RNS
27 January 2020
Rotala Plc
("Rotala" or the "Company" or the "Group")
Pre-close trading statement
Rotala plc (AIM:ROL),, a provider of transport solutions across
the UK, announces the following update on trading for the year
ended 30 November 2019 ("FY 19") and the prospects for the current
year ending 30 November 2020 ("FY 20").
FY 19 trading
The Company is pleased to announce that trading during FY 19 was
in-line with market expectations. During the financial year, the
Group achieved significant additional growth through the
acquisition of the Bolton depot of First Manchester Limited in
August 2019. This acquisition was made in accordance with the
Group's stated strategy and has considerably enlarged the Group's
operations in the North West, making the Company the second largest
bus operator in the Greater Manchester market. The Company is
expected to realise further benefits from the Bolton acquisition
during the course of the current financial year, as further
synergies materialise.
Dividend
The Company expects to maintain its progressive dividend policy
and will be announcing details of a final dividend payment in due
course.
FY 20 outlook
The Company is pleased to report that trading for the current
year has begun in line with budget. Furthermore the Board remains
focused on identifying suitable acquisitions with a view to
continuing to expand the operations of the Group, thereby making
full use of the ample financial facilities which it possesses.
The Group performed well in 2019 and, with a strong management
team and a comprehensive network of operating facilities, is well
placed to capitalise on its enhanced position in a period when the
bus industry continues to undergo considerable change.
The Company expects to publish its results for the year ended 30
November 2019 in early April 2020.
Rotala Plc 0121 322 2222
John Gunn, Chairman
Simon Dunn, Chief Executive
Kim Taylor, Group Finance Director
Nominated Adviser & Joint Broker:
Cenkos Securities plc 020 7397 8900
Stephen Keys/Callum Davidson (Corporate Finance)
Michael Johnson/Julian Morse (Corporate Broking)
Joint Broker: Dowgate Capital Stockbrokers Ltd 0203 903 7715
David Poutney/James Serjeant (Corporate Broking)
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END
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