Trading announcement
01 10월 2008 - 11:04PM
UK Regulatory
RNS Number : 8509E
Widney PLC
01 October 2008
Widney plc
Trading Announcement
Widney plc is the holding company for Widney UK and Widney Pressings.
Widney UK designs and manufactures window systems for specialist vehicles and telescopic slides. Widney Pressings produces pressed
components and metal assemblies for the automotive original equipment and after-market sectors.
The board announces that following a fall in demand from a number of the Group's key customers the results for the year ended 30
September 2008 are expected to fall below market expectations and show a small loss.
Orders reduced as expected at the time of key customers normal seasonal slowdown over the summer. This expected decline was exacerbated
by extended shutdowns and lower than expected schedules from some of the Group's key customers. To date the expected improvement in demand
has not occurred and the Group has little visibility on orders beyond 31 December 2008.
The Group is actively managing its costs to bring them in to line with the current level of demand.
1 October 2008
Enquiries:
Widney Plc Tel: 0121 327 5500
Joe Grimmond, Chairman
Graham Errington, Finance Director
FinnCap Tel: 0207 600 1658
Clive Carver
College Hill Tel: 020 7457 2020
Richard Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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