Business
Trading Update and Response to COVID-19
Trading Update and Response to COVID-19.
About this update from Pipehawk Plc
[{"type":"text","content":"\n \n \n RNS Number : 8400M\n PipeHawk PLC\n 14 May 2020\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (\"MAR\").\n \n \n 14 May 2020\n \n \n PipeHawk plc\n \n \n (\"PipeHawk\", \"Company\" or the \"Group\")\n \n \n Trading Update and Response to COVID-19\n \n \n As announced on 19 March 2020 in the Company's interim results, PipeHawk started the second half of the 2019/2020 financial year with increasing commercial momentum and a robust orderbook. Until the end of February 2020, the Group had not experienced any material impact on its businesses as a result of the COVID-19 outbreak. \n \n \n Response to COVID-19 \n \n \n COVID-19 is clearly having a significant impact on most businesses as we all work to come to terms with a new working normal. Working within key manufacturing sectors, PipeHawk's businesses have continued to operate throughout the COVID-19 pandemic. At the outset of the countrywide lockdown, management implemented a number of processes to safeguard colleagues, suppliers and clients across all group activities. Safeguards include implementing working from home wherever practicable, welcoming essential visitors only, moving to a virtual based contact system with clients and suppliers, enhanced cleaning and disinfection routines within the businesses, implementing new goods in processes to ensure deliveries are segregated and delivery personnel prevented from entering facilities as well as actively implementing safe working practices with the use of PPE where appropriate and practising social distancing through keeping two metres apart.\n \n \n \n \n \n Whilst some areas of the Group have expectedly seen a downturn in orders as clients within sectors including building services, automotive, aerospace etc. have temporarily shut down activity, other areas have witnessed healthy order intake. In particular, business within both Adien and Thomson Engineering Design has remained buoyant. Adien has continued to service long-term contracts in the defence, telecoms and electricity supply sectors and has won further business from competitors unable to fulfil start dates in line with client expectations. Since the start of the year, Thomson has been working at full speed ...