TP Group PLC Trading Update and Notice of Results (9779A)
27 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMTPG
RNS Number : 9779A
TP Group PLC
27 January 2020
27 January 2020
TP Group plc
("TP Group" or the "Company" or the "Group")
Trading Update and Notice of Results
TP Group (AIM: TPG), the providers of mission-critical solutions
for a more secure world, announces the following trading update for
the year ended 31 December 2019.
The Board is pleased to announce another year of substantial
growth in both revenue, and adjusted operating profit, with a
significant strengthening of the Group's order book.
The Group therefore reports that trading for the year ended 31
December 2019 has delivered revenue and adjusted operating profit
in line with market expectations*. This strong performance has been
driven by both organic growth and acquired business activities.
The Company's acquisition of Sapienza Consulting Holding BV.
("Sapienza") in May 2019 has strengthened our capabilities in
project consulting and resourcing, added substantial presence in
the Space sector and multiple locations across Europe. The Group
continues to evaluate further opportunities through strategic
partnerships as well as acquisitions, both in the UK and overseas,
to extend our global reach.
The Board expects to announce the Company's audited results for
the year ended 31 December 2019 on Tuesday, 31 March 2020.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"We are extremely pleased with the Company's operational and
financial performance in 2019, coupled with the successful
integration of Sapienza into the Group. We are continuing to build
an extensive international footprint and are seeking to leverage
our range of services and technologies across our blue-chip
customer base.
"I believe 2020 will be an exciting year for the Group, with our
strongest ever opening order book, proven capabilities in our core
business and with exciting initiatives in areas such as artificial
intelligence and clean energy solutions - two key growth
opportunities for the Company."
*Analyst research is available on the Company website.
For further information, please contact:
TP Group plc Tel: 01753 285 810
Phil Cartmell, Chief Executive
Officer
Derren Stroud, Chief Financial
Officer
www.tpgroup.uk.com
Cenkos Securities plc Tel: 020 7397 8980
Mark Connelly / Callum Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson
/ Charlie Neish
www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers
complex equipment and systems, and provides support throughout
their operational life. The Company's shares have been traded on
AIM since July 2001.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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