Interim Management Statement Feb '08

  • 13:00 20/02/2008
  • RNS No. 3661O

Titon Holdings Plc ('Titon' or 'the Group') today provides its first interim management statement in respect of the period 1 October 2007 to 31 December 2007, as required by the UK Listing Authority's Disclosure and Transparency rules.

Overall revenues for the 3 months were 3.5% lower than for the same period last year with growth in the Group's powered ventilation systems and aluminium fittings markets helping to offset a reduction in timber/PVCu fittings and export sales.

The measures introduced aimed at restoring profitability, reported on at the year end, are beginning to impact favourably, although a greater effect from this will be evidenced in the 2nd quarter of the financial year.

There have been no other significant changes in the position of the Group since the publication of its report and accounts for the year ended 30 September 2007. ”