Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. The 600 Group PLC
  6. News
  7. Summary
    SIXH   GB0008121641

THE 600 GROUP PLC

(SIXH)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/17 11:35:03 am
14 GBX   --.--%
09/03600 : Annual Reports and Accounts 2021
PU
09/02600 : Earnings Flash (SIXH.L) 600 GROUP Reports FY21 EPS $0.02
MT
09/02600 : Earnings Flash (SIXH.L) 600 GROUP Reports FY21 Revenue $53.6M
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

600 : New European Technology Centre

05/15/2019 | 02:23am EDT

15 May 2019

The 600 Group Plc

('600 Group' or 'the Group')

600 Group launches new European Technology Centre

· Technology Centre will showcase Group's increasingly high-end product capabilities

· Strategic focus on product innovation to underpin organic growth

· New facility creates operational flexibility whilst delivering efficiency savings

600 Group PLC, the diversified industrial engineering company (AIM: SIXH), is pleased to announce the launch of its new European Technology Centre, near Halifax, West Yorkshire.

The new facility marks a step forward for the Group as it seeks to create a more flexible platform from which to leverage the strength of the Group's brands and grow the business into diversified niche markets internationally.

Product innovation is central to the Group's strategy as it seeks to underpin organic growth through a strong focus on product development, including launching new products that add to the higher end capabilities of the Group's product range.

This new facility, which will serve as the Group's global headquarters, integrates a modern, open plan office environment, enhanced manufacturing and warehousing space as well as serving as the Group's new European Technology Centre with a dedicated year-round product showroom, demonstration and customer training capability to showcase the business' increasingly innovative product range.

The new integrated facility will provide additional operational flexibility, benefitting from a more integrated logistics operation.

Paul Dupee, Executive Chairman, commented:

'This is an exciting development for the business, which reflects our continued strategy of simultaneously de-risking the Group as well as creating a strong platform for growth. This new facility will help foster product innovation and enable us to better showcase our leading capability to our customers.'

Enquiries:

The 600 Group PLC

Paul Dupee, Executive Chairman

Neil Carrick, Finance Director

Tel: 01924 415000

Instinctif Partners

Mark Garraway

James Gray

Tel: 0207 457 2020

Spark Advisory Partners Limited (NOMAD)

Matt Davis

Miriam Greenwood

Tel: 020 3368 3553

WH Ireland (Broker)

Adam Pollock

Tel: 020 7220 1666

About The 600 Group PLC

The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principle areas of activities:

Machine Tools

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 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 and taper roller bearings are sold via specialist distributors to OEMs, including other machine builders.

Industrial Laser Systems

Industrial laser systems are a technologically superior alternative to ink jet marking. It requires no consumables and can operate on a continuous high speed basis when integrated into customers' production lines. The business has its own technology and proprietary software. Customer applications are diverse and range from telecommunications to 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

Disclaimer

600 Group plc published this content on 15 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2019 06:22:05 UTC


© Publicnow 2019
All news about THE 600 GROUP PLC
09/03600 : Annual Reports and Accounts 2021
PU
09/02600 : Earnings Flash (SIXH.L) 600 GROUP Reports FY21 EPS $0.02
MT
09/02600 : Earnings Flash (SIXH.L) 600 GROUP Reports FY21 Revenue $53.6M
MT
09/02The 600 Group PLC Announces Consolidated Earnings Results for the Year Ended ..
CI
09/02The 600 Group PLC Announces Board Changes
CI
07/21The 600 Group PLC Reaffirms Earnings Guidance for the Fiscal Year 2021
CI
07/20The 600 Group plc Announces Unaudited Condensed Consolidated Interim Results ..
CI
07/20The 600 Group to Seek Acquisitions
CI
04/15The 600 Group plc Provides Earnings Guidance for the Financial Year Ended 31 ..
CI
02/10600 : CFO Resigns
MT
More news
Financials
Sales 2021 53,6 M - -
Net income 2021 -2,57 M - -
Net Debt 2021 22,0 M - -
P/E ratio 2021 -4,00x
Yield 2021 -
Capitalization 22,6 M 22,6 M -
EV / Sales 2020 0,52x
EV / Sales 2021 0,68x
Nbr of Employees 189
Free-Float 52,8%
Chart THE 600 GROUP PLC
Duration : Period :
The 600 Group PLC Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE 600 GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Managers and Directors
Paul Rich Dupee Executive Chairman
David Grimes Chief Technology Officer & MD-Laser Division
Terry Allison Chief Operating Officer
Stephen John Rutherford Senior Independent Non-Executive Director
Derek Zissman Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
THE 600 GROUP PLC49.33%23
ESTUN AUTOMATION CO., LTD-21.26%3 131
KENNAMETAL INC.-2.18%2 972
BYSTRONIC AG21.88%2 942
SHENZHEN YINGHE TECHNOLOGY CO., LTD-9.82%2 722
DMG MORI CO., LTD.39.58%2 483