LPA Group on track to beat full-year market expectations

LPA Group said that after a much stronger performance in the second half, results for the year are likely to be ahead of market expectations.

The company, which designs, manufactures and provides connection, LED-based lighting and electro mechanical systems to the transport industry, said that after a challenging first half, the factory load, particularly in LED-based lighting activity, has significantly improved.

In addition, previous problems with the integration of the fabrication capability into the electro-mechanical facility have been largely overcome.

LPA said order entry has been very strong throughout the year and totalled a record £26.8m as a whole.

The order book at the end of the year totalled more than £18m, which is also a record, the company said. It added that this does not include an additional £7.5m of project work for which LPA has been selected, but for which the delivery programme is insufficiently defined for the orders to be entered at this stage. Deliveries of these projects extend from 2016 to 2019.

“Given the record order entry which the group has enjoyed, the record orders now on hand and the prospects in view, we look forward to increasing progress during 2016 and beyond.”

At 1030 GMT, LPA shares were up 30% at 86.75p.