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    SIXH   GB0008121641

THE 600 GROUP PLC

(SIXH)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/27 04:56:28 am
14.9 GBX   +2.76%
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
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600 : Result of AGM and update on trading

09/17/2015 | 06:37am EDT
Result of AGM and update on trading
RNS Number : 3563Z
600 Group PLC
17 September 2015

600 Group Plc

Result of AGMand update on trading

600 Group Plc, the AIM listed producer of machine tools and laser marking equipment, is pleased to announce that at the Group's Annual General Meeting held today all resolutions were duly passed.

Mr Paul Dupee, Executive Chairman, made the following statement:

'Trading for the current year remains in line with the market's expectations and ahead of last year.

TheNorth American machine tools business has performed well during the period since March 2015. However, the European business has seen a slowdown in recent months.Our laser marking business has continued to trade well ahead of the prior year benefitting from the combination of the TYKMA acquisition with our own Electrox business.

In August we announced the appointment ofDon Haselton, as Divisional Managing Director of our machine tool operations worldwide and also David Grimes as Divisional Managing Director of the global laser marking division. In the last month, Don has begun working on establishing a greater presence in South East Asia and has put in place agreements with a number of new distributors in several countries which, in time, will help re-establish our brands in these important and expanding markets. David has continued to rationalise the laser marking operations in the US and UK and this has delivered a number of immediate cost benefits with further improvements expected as the year progresses.

Looking forward, whilsteconomic conditions remain uncertain, particularly in our European markets we expect the machine tool division will make further progress with its wider range of branded machine tool products and as it develops a presence in new markets. At the same time we anticipate further benefits from having combined our two laser marking businesses and to see further growth in the coming year.'

More information on the group can be viewed at:www.600group.com

Enquiries:


The 600 Group PLC

Tel: 01924 415000

Paul Dupee, Executive Chairman


Neil Carrick, Finance Director


Spark Advisory Partners Limited (NOMAD)

Tel: 020 3368 3553

Sean Wyndham-Quin / Miriam Greenwood


Cadogan PR Limited (Financial PR)

Tel: 020 7499 5002 / 07771 713608

Alex Walters


FinnCap (Broker)

Tel: 020 7600 1658

Tony Quirke / Mia Gardiner (Sales/Broking)



This information is provided by RNS
The company news service from the London Stock Exchange
ENDMSCGGUWABUPAUMM
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ę Publicnow 2015
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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 23,3 M 23,3 M -
EV / Sales 2020 0,52x
EV / Sales 2021 0,68x
Nbr of Employees 189
Free-Float 52,8%
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Technical analysis trends THE 600 GROUP PLC
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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
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