17 November 2022
FW Thorpe Plc
Annual General Meeting statement
At the Annual General Meeting of FW Thorpe Plc to be held at 3.15pm today, Chairman, Mike Allcock, publishes the following statement:
"Since the beginning of the new financial year, orders and revenue for the Group are in line with expectations and overall, ahead of the same period last year. Margin and price pressures continue, offset by reasonable selling price increases where possible.
Manufacturing service levels have improved significantly in recent months and our sales teams have a generally positive outlook. We foresee a solid half-year result, supported by our recent acquisitions.
In light of current economic conditions, the longer-term outlook is more difficult to predict but our diverse market, geographical coverage and low carbon solutions mean we are well placed to continue a trajectory of steady sustainable growth."
For further information, please contact:
FW Thorpe Plc
Mike Allcock - Chairman and Joint Chief Executive Tel: 01527 583200
Craig Muncaster - Joint Chief Executive and Group Financial Director
Singer Capital Markets - Nominated Adviser and Broker
James Moat/Sam Butcher Tel: 020 7496 3000
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