AEA Technology



Provides consultancy, technical services and products to three markets: Rail; Environment and Portable Power . AEA operates from 50 locations worldwide, including Harwell, Derby, Thurso, Glasgow in the UK, with offices also in the US, Canada, the Netherlands and Germany.




http://www.aeat.co.uk/

RNS Number : 5951X

AEA Technology Group PLC

17 February 2012

AEA TECHNOLOGY GROUP PLC ("AEA" or "Group") INTERIM MANAGEMENT STATEMENT The Board of AEA Technology Group plc, today announces its Interim Management Statement for the period 1 October 2011 to date in accordance with the FSA's Disclosure and Transparency Directive ruling under DTR 4.3 As previously announced, second half results for the year ending 31 March 2012 are expected to be adversely impacted by a reduced forecast outturn in PPC, our Washington based subsidiary, due to the late placement of some orders and some expected orders not being won. A new management team is in place and clearly focused on improving our operations and commercial capabilities.

Performances at ERG, our Boston based business, and AEA Europe have remained broadly in line with expectations since the half year. Both ERG and AEA Europe have continued to win new business as expected with further orders won from both UK and US government departments. John Lowry, our Interim Chief Executive Officer appointed on 2 December 2011, has begun a number of actions to improve operational efficiency across the business.

A new Group Executive has been formed comprising the Group Interim Chief Executive Officer and Chief Financial Officer and the chief executive officers and chief financial officers of the Group's operating businesses. With input from advisers and the continuing support of the Group's bank, the Group Executive will complete a new strategy and business plan early in the new financial year which will ensure that the Group leverages its intellectual property, knowledge and skill base to maximum advantage across all Group operations.

The work on the triennial valuation of the pension scheme as at 31 March 2011 remains ongoing.

Lloyds Bank, the sole banker to the Group, remains supportive.

Outlook

Overall, trading for the Group remains in line with expectations set at the time of our last trading update on 20 January 2012.

END

For further information: Dr Paul Golby Chairman 0870 190 8137 John Lowry Interim CEO 0870 190 8137 IR Focus Neville Harris 020 7593 4015

Important Information

Statements contained in this Interim Management Statement 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

Jumped in here this morning. :-))

Sold on the slide.

Why the rise?
Volume is the highest for long time. Are you buying?

Rumours of a contract win. Could just be smoke and mirrors!

Just sold mine for 0.38. Just jumped in blind.

A pump and dump.

What way will it go now, buying slowed.

Back in at 0.34

dc - well done - been here for a while waiting for a day like this - sold some keeping rest - an rns is due before the end of this month - i think everyone waiting to see what impact the new guy in charge has had so far - he is a turnaround specialist with a very good cv and he would not want to see a failure added to his cv as would not be good for his massive ego lol!! and there is rumour of a big contract win - US i believe - GL

Looks good gibby.

dreamcatcher

dreamcatcher - 25 Apr 2012 08:43 - 108 of 118
Jumped in here this morning. :-))
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dreamcatcher - 25 Apr 2012 08:51 - 110 of 118
Sold on the slide.
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dreamcatcher - 25 Apr 2012 08:55 - 113 of 118
Just sold mine for 0.38. Just jumped in blind.
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dreamcatcher - 25 Apr 2012 09:01 - 114 of 118
A pump and dump.
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dreamcatcher - 25 Apr 2012 09:19 - 116 of 118
Back in at 0.34
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Are you sure what are you doing?

you forgot to say what price got in first

and as soon as you sold said .......pump and dump

and then back in again

what kind of a fool you are?

Fool ? Only put SOME of the PROFIT back in. Think you are the fool.

Fool - that just made a very nice weeks wage. A fool hmmmmmmmmmmm

A fool is a person that as soon as sell then say ........PUMP and DUMP

pretty clear to me and to anybody but the fool ......... dreamcatcher

you forgot to say the price you got in first.

one can still make pennies and be a .............fool

My business, sorry.

do not advertise it then ............fool

pretty clear .........big mouth but not trousers

Gather you missed this. lol

Having a bad day are we .