TP ICAP Group PLC

Earnings Release • Jan 25, 2016

National Storage Mechanism | Additional information

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RNS Number : 8240M

TP Group PLC

25 January 2016

25 January 2016

TP Group plc

("TP Group" or the "Group")

Trading update and Notice of Results

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group announces the following trading update.

The Board is pleased to report that the Group continued to make good progress in the final quarter of 2015. Results are expected to show that Group has achieved a key target for the year by being adjusted EBITDA breakeven, and  the Group closed the year with a cash balance of £7.0m, which is ahead of expectations.

This performance is a result of adjusting the strategic focus of the Group to reduce exposure to non-revenue generating R&D and to focus on the Group's existing network of customers, whilst seeking new uses for the Group's proven technologies in commercial projects.

A strong pipeline of future opportunities provides good visibility of 2016 business and the Group is benefitting from a healthy opening order book, qualified frameworks and pull-through from existing customers. From this position, the Board is confident that the Group can continue its progress this year.

Notice of results

It is expected that the Group's Final Results for the year ended 31 December 2015 will be published on Tuesday 19 April 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
Stephen Keys / Mark Connelly www.cenkos.com	020 7397 8980
Vigo Communications
Jeremy Garcia / Fiona Henson	020 7016 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 AIM since July 2001.

This information is provided by RNS

The company news service from the London Stock Exchange

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