TP ICAP Group PLC

Earnings Release • Dec 14, 2016

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RNS Number : 7715R

TP Group PLC

14 December 2016

14 December 2016

This announcement contains inside information

TP Group plc

("TP Group" or the "Company")

Trading Update

FY16 EBITDA likely to significantly exceed current market expectations with FY17 materially ahead of current market expectations

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

The TP Group Board is pleased to announce that the business performance in FY16, in terms of EBITDA, is likely to significantly exceed current market expectations. In addition, subject to the receipt of expected payments, the Group's year-end cash position is also likely to exceed expectations. The Company expects to make a further update in January 2017 and to announce audited results for the year ending 31 December 2016 in April 2017.

In addition, due primarily to recent contract wins and a strong order pipeline (including the two sole source MoD contracts announced in July and August 2016) the TP Group Board is pleased to confirm that it expects the outturn for the 2017 financial year, in terms of EBITDA, will be materially ahead of current market expectations.

Phil Cartmell, Chief Executive of TP Group, commented

"We have made excellent progress during the year, capturing a number of new strategic orders and generally increasing margins across the business. A strong platform has been built for 2017 and the management will also continue to look for acquisition opportunities. The Board looks forward to the future with confidence."

For further information, please contact:

TP Group plc	Tel: 01753 285 810
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos	Tel: 020 7397 8980
Stephen Keys / Mark Connelly
www.cenkos.com
Vigo Communications	Tel: 020 7830 9700
Jeremy Garcia / Fiona Henson
www.vigocomms.com

Notes to Editors

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's 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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