LPA wins £5.2m rail industry supply contract

LED lighting, electronic and electro-mechanical system designer and manufacturer LPA Group announced a record orderbook of £34m on Wednesday, with the receipt of a £5.3m order for the supply of electro-mechanical products to the UK rail industry.

The AIM-traded firm said sales under the new contract were expected to start towards the end of its current financial year.

It said it remained on track to deliver 2023 results in line with the board’s current expectations.

“Over the next two to three years, this new business will provide good quality and consistent base load of standard product well suited to the skills and capabilities of the group,” the directors said in their short statement.

At 1248 GMT, shares in LPA Group were up 8.5% at 83p.

Reporting by Josh White for Sharecast.com.