Holders Tech continues in line with expectations

Printed circuit board laminates and materials supplier Holders Technology updated the market on its trading on Monday, ahead of its annual general meeting which was scheduled to be held later in the morning.

The AIM-traded company’s board confirmed that trading for the first period of 2017 had been broadly in line with its expectations.

It said the PCB divisions contributed approximately 80% of group revenue.

“The divisions were restructured during 2016 as reported in the previous annual report.

“Results to date show an improvement in PCB revenue and margin compared to the same period in 2016,” the board said in its statement.

“The group continues to invest in machinery and IT systems to improve efficiency, and new PCB products have been added to the product portfolio.”

Holders said the LED divisions contributed approximately 20% of group revenue.

“The Holders Components LED divisions have together maintained revenue and margin compared to the same period in 2016.

“The LED product range has now been broadened to include smart controls and sensors, which enables lighting to be incorporated into the 'Internet of Things'.”

According to the board the UK NRGstar business, which sold energy efficient lighting to the retail and commercial markets, showed declining revenue in the first quarter, and that activity had been discontinued.