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Umeco plc is a leading international provider of value-added distribution and supply chain management services and composite materials primarily to the aerospace & defence, automotive, motorsport and wind turbine industries.
 
 
AGM STATEMENT
At today's Annual General Meeting of Umeco plc, the leading international provider of value-added distribution services and composite materials to the aerospace, defence and other industries, Chairman Brian McGowan made the following statement on current trading:

"We have made an excellent start to the year with business performance being ahead of this time last year. It is particularly pleasing that our current order intake is running some £20 million ahead of deliveries on an annualised basis.

"The civil aerospace market is recovering well, as demonstrated at the Paris Air Show, where over $45 billion of new orders were announced. This increased activity augers well for both our component distribution and composites divisions. The buoyancy of our markets, together with the investments being made across the Group, give us considerable confidence over our immediate and long term prospects."


For further information, please contact:

Umeco plc
Tel: 01926 331800
Clive Snowdon, Chief Executive
John Beaumont, Finance Director
www.umeco.com

Hogarth Partnership
Tel: 020 7357 9477
John Olsen
Barnaby Fry

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