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Electronics Production | February 27, 2006

Stadium profit up 33%

UK-based Stadium Group plc, the AIM listed provider of Electronic Manufacturing Services announces its preliminary results for the year ended 31 December 2005.
Highlights
- Group turnover £36.5m (2004: £33.8m) -up 8%
- Stadium Asia turnover over £20m -up 22%
- Group operating margin 7.1% from 6.9% - up 0.2%
- Profit before tax £2.64m -(2004 : £1.98m) -up 33%
- Earnings 7.6 pence per share (2004 : 6.2p) -up 23%
- Dividend 3.5 pence per share (2004 : 3.25p) -up 8%

Chairman Struan Wiley comments:

I am delighted to report a strong set of results delivered within an increasingly challenging environment. Our principal objective is to deliver sustained growth in earnings by developing the scale and range of services offered by Stadium Asia, whilst maintaining a flexible and responsive manufacturing capability in the UK. Our underlying cost base remains globally competitive, and we continue to pursue a number of significant market opportunities to grow both organically and by acquisition. We are in a strong position to withstand the commercial pressures which are evident in a climate of increasing commodity and operating costs and we continue to take a cautious view of growth prospects for 2006.

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