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Electronics Production | February 26, 2007

Stadium Group improves results

UK based EMS-provider Stadium Group plc, has announced its preliminary results for the year ended 31 December 2006. Turnover was up 6% to £38.55m (2005 : £36.52m). Profits before tax was £2.35m (2005 : £2.64m).
Chairman Nick Brayshaw comments: “Following four years of profit growth, the company has demonstrated some resilience in recovering from the challenging market conditions prevalent in the first half of 2006. During the second half of the year a turning point was reached, with sales, margins and operating cash flow all showing improvement. We look forward with confidence to further organic growth, and will continue to seek to augment this with suitable acquisitions when appropriate opportunities arise."

According to the report, current trading is ahead of the corresponding period last year and the immediate outlook is encouraging. Stadium Group anticipate growth in revenues and a further recovery in margins in 2007, although sustained dollar weakness against both Sterling and the Chinese Yuan may offset the full effect of this improvement in reported earnings.

Click here to read the full report (in English).

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