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RNS Number : 1795N
Low & Bonar PLC
20 September 2019
 

                                                                                                           

20 September 2019                                                              

Low & Bonar PLC

Trading Update

Low & Bonar PLC (the "Group"), the international performance materials group, today issues the following trading update.

The difficult trading conditions that impacted performance in the first half have continued in the second half to date.  As a result, Group sales in the third quarter were lower than expected and profit was also below the Board's expectations.  

Whilst the Group is benefiting from slightly lower than expected raw material costs, as well as the impact of cost saving initiatives put in place in recent months, it is not expected that conditions in the Group's markets will improve in the short term and consequently the Board does not expect to recover the shortfall in third quarter trading within the current year.

For further information, please contact:

Low & Bonar PLC



Daniel Dayan

Executive Chairman

020 7535 3180 

Ian Ashton

Group CFO





Instinctif Partners


020 7457 2020

Matthew Smallwood



Rosie Driscoll



Notes:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") EU no.596/2014. Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 


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.
 
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