RIA Innovation Conference ’19

Archive for the ‘LPA Channel Electric’ Category

RIA Innovation Conference ’19

LPA are exhibiting at the RIA Innovation Conference ’19 on the 19/20 March.

We will be showcasing our latest range of rail products:

  • Engineered components including relays, timers, contactors, circuit breakers, fans, door buttons and connectors. Manufacture and supply of USB charging components.
  • Product solutions for complex electrical inter-connection problems. These include Inter-car Jumpers for railway rolling stock equipment, and fire-resistant connection assemblies for infrastructure electrical systems.
  • LED lighting and electronic systems for rail rolling stock and infrastructure markets.

LPA product innovations include:

  • Rolling stock Ethernet systems, offering 10Gbit/s-Ready Ethernet backbones to future-proof installations.
  • Smart Lighting System, which delivers unlimited possibilities for rolling stock interior lighting, with the flexibility of secure wireless installation and control.

For more info: enquiries@lpa-group.com

LPA Group announces record profits for the year

Preliminary announcement of results for the year ended 30 September 2018

LPA Group plc (“LPA” or the “Group”), the high reliability LED lighting and electro-mechanical system manufacturer and distributor, announces record results for the year ended 30 September 2018 and record orders in the first quarter.

Preliminary results key points:

KEY POINTS • Sales up £5.50m (24.5%) at £27.98m (2017: £22.48m) • Operating profit before exceptional items up 18.4% at £2.24m (2017: £1.90m) • Exceptional and non-underlying items (cost) £175,000 (2017: (gain) £73,000) • Profit before tax up 5.7% at £2.02m (2017: £1.91m) • Basic earnings per share amounted to 14.34p (2017: 14.40p) • Final dividend increased 9% to 1.80p (2017: 1.65p), total for the year 2.90p (2017: 2.70p) • Gearing reduced to 15.5% (2017: 25.7%) • Order entry amounted to £20.2m (2017: £26.1m) • Order book amounted to £13.8m (2017: £21.6m)  • Continued investments in automation and productivity throughout the year

Peter Pollock – Chairman commented:

“The 2018 financial year proved exceptional, delivering a third successive year of record sales and profits, exceeding expectations.

As expected, order entry fell back relative to the very high levels achieved in 2017, reflecting the fluctuating demands of our markets, but were nevertheless very high in historical terms and the fifth highest on record.

As previously reported, some major rail projects, including CrossRail, have been delayed and as a consequence the current year has started quietly, reflecting the lower current demand, which is expected to pick up substantially as the year progresses.

Happily, orders entered in the first quarter have been a new record at over £9m, exceeding order entry for the first half of last year and under pinning progress in the medium term.  Contract orders include Central and Waterloo & City lines lighting refurbishment with LUL, £4.7m including a further support contract; £670k lighting for Doha Metro extension through Kinki Sharyo and £1.4m bespoke electro-mechanical underframe structures for a major UK rail OEM.

After a slow start the year as a whole should be satisfactory.”

LPA Group Brexit Statement

It is impossible to know the exact trading conditions we will be faced come 29th March 2019.  However, LPA Group has considered what it deems to be the crucial areas and gives its position as follows.

Export
With more than 100 years’ experience of importing and exporting to over 50 countries, LPA Group is well versed with World Trade Organisation rules and all other aspects of international trade.  Should a hard Brexit prevail, this will present trading conditions no worse than currently experienced when exporting to any country outside of the EU.

Import
LPA suppliers are based throughout the world and have significant experience of international trade.  The situation is under continuous review and actions are being applied where necessary.  For example, we are stocking up on key components to counter any shortages that may occur within the supply chain.

Employees
LPA has a small number of EU nationals within its workforce and, as such, we are in communication with these employees to ensure that they are supported with their continuing right to work within the UK.

Brexit is being monitored and considered at every level of the LPA organisation and all practical precautions are being taken.  Should you have any further questions, then please do not hesitate to ask via your normal LPA Group contact.

14th December 2018

 

InnoTrans 2018

The LPA Group companies will be joining forces again this year to exhibit at InnoTrans – the leading international trade fair for transport technology. Again this year, we will be part of the British Pavillion in Hall 2.2 and show our expertise on stand #206J