Lincat, the AIM-listed manufacturer of commercial catering and bar equipment, is today updating the market on current trading in advance of entering its close period on 1 January 2010
Group turnover in the second half of 2009 has been higher than expected, driven by a strong recovery at Lincat Ltd following marketing initiatives earlier in the year. Headline operating profit for 2009, before interest, tax and the profit on disposal of Mercury, will therefore be ahead of market forecasts and is expected to exceed £4.0m.
Martin Craddock, Chairman, cautioned that challenging trading conditions remained: “The lack of order visibility within our businesses makes it impossible to call future trading with any certainty, as customer demand remains generally subdued and order intake trends vary across the Group.”
10 December 2009
Lincat Group plc. Whisby Road, Lincoln, LN6 3QZ UK Tel: +44 (0)1522 875 555