Business
AGM Statement
AGM Statement.
About this update from Lpa Group Plc
[{"type":"text","content":"\n\n19 March 2025\nLPA GROUP PLC\n(\"LPA\", the \"Company\" or the \"Group\")\nAGM Statement\nAt the 2025 Annual General Meeting of the Group to be held at 12.00 noon later today, Robert B Horvath, Chairman, will make the following statement: \"Trading in the first five months of the financial year, together with the current year orderbook and pipeline, leave us on track to deliver full year market expectations. As described in the Company's final results, we expect to deliver a much stronger operating performance in the second half of this financial year compared to the current first half. We were pleased to announce recent contract awards in December, February and March. The restructuring of the LPA Group that began in 2024 has gathered pace since the arrival of our new CEO, Dr Philo Daniel-Tran in January 2025.\nOn 17 March 2025 we announced the completion of our 'bolt-on' acquisition of what is going to be called 'LPA Martek Power' and our strategic plan is to integrate the outsourced manufacturing requirements into the Group's facilities.\nOur aviation products continue to sell well through our global distribution network and our engineering solutions business is growing in response to the changing landscape in the global military and defence markets.\nThe UK Government's plans to re-nationalise the railways are progressing quite rapidly through Parliament. With a reduction in Capex spend and adjustments in maintenance schedules, train manufacturers, owners and operators are focused on short-term planning, yet with an expectation ultimately of longer service lives for existing stock. This aftercare rail market is a key sector for LPA and we anticipate refurbishment programmes well into 2030 and beyond.\"\n \nFor further information, please contact:\n\n\n\n\nLPA Group plc\nRobert B Horvath, Chairman\nPhilo Daniel-Tran, Chief Executive Officer\nStuart Stanyard, Chief Financial Officer\n\n\nTel: +44 (0) 1799 512800\nwww.lpa-group.com\n\n\n\n\nCavendish Capital Markets Limited (Nominated Adviser & Broker)\nCorporate Finance\nEd Frisby / Isaac Hooper / Elysia Bough\nCorporate Broking\nTim Redfern\n\n\nTel: +44 (0) 20 7220 0500\n\n\n\n\nHudson Sandler (Financial PR)\nDan de Belder\nNick Moore\nFrancesca Rosser\n\n\nTel: +44 (0) 20 7796 4133\n\n\n\n\n \nAbout LPA\nLPA Group plc (AIM: LPA) is an innovation-led enginee...