ukcitymedia news feed

Airea plc successful launch of new ranges continue to gain traction

Airea plc successful launch of new ranges continue to gain traction

Mon 4 Feb 2019 07:41 by about : operational news - 0 Comments - 492 words

Airea plc (LSE: AIEA), the manufacturer, marketer and distributor of floor coverings, announces the following trading update for the year ended 31 December 2018.

Trading update

Revenue and Operating profit for continuing operations in the second half of the year exceeded the performance of the 6 months ended 30 June 2018 in line with management expectations driven by the continued growth in the order book and increased sales both in the UK and Internationally.

The successful launches of our new ranges continue to gain traction in the market and further launches in 2019 are planned to continue the revenue growth.

Exceptional items

On 26 October 2018, the High Court reached a judgment in relation to Lloyds Banking Group's defined benefit pension schemes which concluded that schemes should equalise pension benefits for men and women as regards guaranteed minimum pension benefits. The effect of this decision is still being assessed by the Trustees and our actuarial advisers, but is likely to impact the pension scheme liabilities by approximately £0.3m. This will not have a significant impact on the pension schemes funding strategy and will have no cash impact to the group.

Date of full year announcement

Airea plc will announce its final results for the year ended 31 December 2018 on Thursday 7 March 2019.


These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.

Add a comment



Security key:



ukcitymedia news feed

Please take our RSS Feed and news to your Network and message boards. With thanks


ukcitymedia moderates but does not authenicate postings. Users are reminded that shares and all trading instruments by nature do not always prove to be good investments. Readers are reminded to do your own research. delivers UK stock market news, latest shares news, uk financial news, rns news articles, latest business news, latest uk financial news, stockmarket investment news, business news round-ups. director dealings bulletins, stock market reports, share trading articles, latest finance news, broker recommendations, uk city news, latest financial information. does not offer financial advice.