23:23 Thu 07 May 2020
Abbey PLC - Trading Update
Trading Update
For the year ending 30th
Group turnover for the year was in the region of 20% lower than last year. Fixed costs together with lower margins and a very weak plant hire result mean operating profits will likely be at least in the region of 35% lower than last year.
Looking ahead limited production consistent with official guidance is now resuming at our
In
Forward orders across the division are in excess of 300 homes.
The plant hire business traded at 30% of normal levels in April.
The Group's net cash position at the year end was
The short term outlook is critically dependent on an early easing of the lockdown and a resumption of normal sales activity.
The medium term is unclear.
Full year results should be published in the week beginning 6th
Enquires:
David Dawson Brian Garrahy
Tel: +44 1707 651266 Tel:+353 1 679 6363
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