APC Technology : Post Year End Trading Update

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24September2018

APCTECHNOLOGYGROUPPLC ("APC"orthe"Company"orthe"Group")

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PostYearEndTradingUpdate  TheBoardofAPC,whichprovidesdesign,specificationanddistributionofspecialistelectronic productsandcomponents,arepleasedtoconfirmthattheunauditedfullyearresultsto31August 2018areexpectedtobeinlinewithmanagementexpectations.

Thefullyear2018resultswilldeliveranotheryearofgrowthinrevenueandprofit.2018hasalso beenatransformationalyearthroughtherolloutofourstrategyandtheacquisitionsthathave beencompleted.  Thesepositiveresultshavemeantthatnetdebtattheendoftheyearisexpectedtobehave decreasedto£2.5m(2017:£3.1m)ofwhich£2.3m(2017:£2.5m)relatedtoamountsowedunder theGroup's£6minvoicefinancefacilitywithABNCommercialFinance.Cashattheyearendhas increasedandstoodat£0.8m(2017:£0.4m).

 AspenElectronicsLimited("Aspen")IntegrationandtheenlargedGroup'sbookings  TheintegrationofAspenisgoingverywellandtheenlargedGroupisalreadyprogressingondriving synergies.ItisworthnotingthattheenlargedGrouptookbookingsof£22.5mintheyearto31 August2018,representingahealthybooktobillratio.ThisrunratepositionstheGroupasa significantplayerinthedesignandspecificationdistributionindustry. 

BusinessStrategy  TheBoardremainsconfidentoffurtherrevenueandprofitgrowthin2019andremainscommitted totheCompany'sthreemaingrowthdrivers:growththroughincreasedbookingsfromexisting technologies,inparticularthosethatsitinhighgrowthmarkets;growththroughthesigningofnew complementaryproductlines;andgrowththroughtargetedboltonacquisitions. 

RichardHodgson,ChiefExecutiveofAPC,commented:

"2018 has been a transformational year for APC. We have significantly increased the scale and profitabilityofthebusinessandthismeansthatwecanofferanevengreatervalueaddedserviceto our technology partners and our customers. We will continue to pursue our three faceted growth strategyofsellingmoreofthetechnologyandproductsthatwehavewithourenlargedsalesforce, ofsigningnew,proventechnologypartnersandthroughstrategicboltonacquisitions."

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Enquiries

APCTechnologyGroupPLC      +44(0)3303133220

RichardHodgson,Chief Executive  MichaelThompson,FinanceDirector  

   www.apcplc.com

StockdaleSecuritiesLimited(NominatedAdviserandBroker) MarkBrown/AntonioBossi/EdwardThomas

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+44(0)2076016100

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