Lincat Group plc

Lincat Group plc (“the Group”), the AIM listed manufacturer of commercial catering appliances, bar equipment and domestic range cookers, announces its preliminary results for the eighteen month period to 31 December 2007.

Note: To aid year-on-year comparisons, the Group has provided pro-forma figures for the twelve month periods to 31 December 2006 and 31 December 2007 and it is these figures that are referred to below.

Summary of the Group’s performance and activities:

• 32% increase in headline operating profit from £4.502m to £5.955m


• 42% increase in headline earnings per share to 63.8p


• Final dividend of 18.2p announced, giving a total dividend for 2007 of 28.0p


• 10% increase in Group sales to £34.5m, with strong growth at IMC (13%) and Britannia (46%)


• Britannia occupying new freehold premises from January 2008

Commenting on the year’s results, Martin Craddock, Chairman, said:

“The Group has made tremendous progress in the last twelve months. Higher operating profits are a direct result of IMC’s move to Wrexham in 2006 and Britannia’s exceptional progress during 2007. Earnings per share have been enhanced by the share buy-back in July 2007, the full benefit of which will be reflected in our 2008 EPS figures.”

Click here to download "Lincat Group plc December 2007 preliminary results.pdf"

Click here to download "Lincat Group plc December 2007 prelims presentation.pdf"