AEA Technology PLC : Trading Update

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Company AEA Technology Group PLC TIDM AAT Headline Trading Statement Released 16:29 20-Jan-2012 Number 9526V16

RNS Number: 9526V
AEA Technology Group PLC
20 January 2012

AEA TECHNOLOGY GROUP PLC ("AEA" or "Group") Trading Update

The Board of AEA announces today that PPC, our Washington based business has encountered further delays to orders and contract losses which will reduce revenue in the current year. This will have a significant adverse impact on adjusted Group operating profit for the year ending 31st March
2012.
Performance at ERG, the Boston based business and AEA Europe remain broadly in line with expectations.
Lloyds Bank, the sole banker to the Group, remains supportive.
For further information: Dr Paul Golby
Chairman 0870 190 8137
John Lowry
Interim CEO 0870 190 8137
IR Focus
Neville Harris 020 7593 4015
Statements contained in this Trading Update are based on the knowledge and information available to the Company's directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, the statements concerning the risks and uncertainties facing the Company in this statement involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this statement contains any statement dealing with any time after the date of its
preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur.
The Company undertakes no obligation to update these forward looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END