TP ICAP Group PLC

Business and Financial Review • Dec 9, 2015

National Storage Mechanism | Additional information

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RNS Number : 5505I

TP Group PLC

09 December 2015

For immediate release	9 December 2015

TP Group plc

("TPG" or the "Group")

Trading Statement

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group focused on the aerospace & defence and energy & process industry sectors, announces the following update on trading for 2015.

The Group has continued to reduce losses over the period and remains on track to deliver breakeven adjusted EBITDA, at least meet market cash expectations, and end the year with a robust order book. The aerospace & defence sector continues to perform strongly, however, ongoing pressures in the energy market have caused a number of delays or constraints on capital spend in customer programmes. This has moved a number of contracts expected to fall in 2015 into 2016, materially impacting the Group's projected 2015 revenues.

Despite the slowdown in energy markets, we have succeeded in growing margins over the period, mitigating the impact of the shift in orders into 2016. The business continues to make good progress, having diversified into new markets, and positioned our technology in new applications. We will exit 2015 with a solid technical platform, a strong order book and a lower overall cost base that supports our previously stated aim to become cash generative and deliver positive EBITDA in 2016.

For further information please contact:

TP Group Plc
Phil Cartmell, Chief Executive Officer	01753 285 810
Mark Crawford, Chief Financial Officer www.tpgroup.uk.com
Cenkos
Steven Keys / Mark Connelly www.cenkos.com	020 7397 8980
Vigo Communications
Jeremy Garcia / Fiona Henson	020 701 6 9570
www.vigocomms.com

NOTES TO EDITORS

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global Aerospace & Defence and Energy & Process Industries markets. The Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. TP Group shares have been traded on the London Alternative Investment Market (AIM) since July 2001.

This information is provided by RNS

The company news service from the London Stock Exchange

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