Pilkington: Trading up-date

In accordance with its established policy, Pilkington issued the following trading up-date ahead of the announcement of its results for the period to 31 March 2005, scheduled for Thursday, 26 May 2005.

Stuart Chambers, group chief executive commented: "Overall, trading remains in line with our expectations, with a good performance in Automotive and Building Products holding up.Together with lower interest costs and an improved profit contribution from joint ventures and associates, this should lead to an increase in pre-tax profits of around 15 per cent.

"The Group continues to benefit from ongoing cost reduction and further improvements in operational efficiency, helping to mitigate the effects of variable trading conditions in our markets around the world. Energy surcharges on Building Products deliveries in Europe and North America have helped to alleviate the significant cost push from rising energy prices. Another year of focus on cash generation will again enable Pilkington to report a reduction in net debt.

"Pilkington remains on track to transition into the third phase of its strategy over the course of the next financial year, when we will begin to invest surplus cash generated into profitable growth opportunities."

600450 Pilkington: Trading up-date glassonweb.com

See more news about:

Others also read

ASSA ABLOY UK has acquired Lorient, a leading designer and manufacturer of high performance door sealing systems based in Newton Abbot, Devon.
Here's your chance to WIN £1000 by simply coming to the FITSHOW 2019 and taking part in the MADE FOR TRADE KORNICHE CHALLENGE.
Premier Supplies continues its expansion; acquiring the manufacturing arm of Dalmatian Windows in East Kilbride, Scotland.
Working with main contractor Morgan Sindall to deliver the architect’s vision, FGS’ façade contracting division was commissioned to design, specify and install the glazing profile for the new Lambeth Civic Office’s façade and atrium.
Representatives of British Glass and Glass Technology Services Ltd attended and spoke at the Innovative Glazing Global Summit in Vienna at the end of November.
Pilkington United Kingdom Limited, part of the NSG Group, has signed up four new dealers to supply Pilkington Spacia™ to customers across the UK.

From industry

NEWS RELATED PRODUCTS

Thermoseal Group Ltd.
Thermoseal Group Ltd.
Thermoseal Group Ltd.
Wrightstyle Ltd.

Add new comment