600 Group PLC - CLBILS Facility, Trading & Timing of 2020 Results
New CLBILS Loan facility, trading update and timing of 2020 results
COVID-19, Trading and CLBILS Loan
As reported in the trading update on
The Group continues to take advantage of government stimulus packages, including loans under the
The de-risking of the Group in the previous year with the receipt of surplus from the successful pension scheme buy out and the sale of the Gamet business and property has helped the Group stabilise debt levels. Group debt, at
Timing of 2020 Results
Following consultation with its auditors, the Company has concluded that due to delays to audit fieldwork caused by the ongoing COVID-19 situation, more time is required to publish the annual accounts.
Therefore, with the consent of AIM Regulation and the automatic extension granted by
Given the continued uncertainty around the impact of COVID-19 the Board are still unable to provide any guidance for the current financial year ended
Tel: 01924 415000
| || |
Tel: 0207 457 2020
Tel: 020 3368 3553
WH Ireland (Broker)
Tel: 020 7220 1666
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and a global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products are sold via specialist distributors to OEMs, including other machine builders.
Industrial Laser Systems
Industrial laser systems cover laser marking and processing including cutting, drilling, ablation and a host of other niche applications in the marking and micro machining sectors. They require no consumables, can operate on a continuous high speed basis and can be integrated into customers' production lines. The businesses have their own technology and proprietary software. Customer applications are diverse and range from aerospace to medical and pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.
More information on the Group can be viewed at: www.600group.com
This information is provided by RNS, the news service of the
Quick facts: 600 Group
Market Cap: £10.28 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE