At today's Annual General Meeting of Umeco plc, Europe's leading provider of value-added distribution services to the aerospace and defence industries, Chairman Brian McGowan made the following statement on current trading:
"Our business performance in the early part of the year has been resilient, given the adverse impact of the SARS epidemic and the Iraq conflict on our core aerospace markets. Recent activity levels suggest that we are beginning to return to the trading conditions seen prior to the emergence of these two issues.
"Demand for our outsourcing services remains high, as customers seek to maximise the efficiency of their own operations. This, together with our international presence and financial strength, bodes very well for the Group's long term prospects." |