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Trading Update
09 Jan 2012
Laird, a global leader in the supply of products and technology solutions used in network infrastructure, wireless connectivity, displays and industrial controls, today updates on trading following its financial year end on 31 December 2011.
Trading in the fourth quarter has continued to follow the trends of the third quarter, as set out in our Interim Management Statement on 27 October 2011. For the year as a whole, we are confident of delivering underlying* earnings of not less than 16 pence per share, in-line with our target.
2011 was a year of progress for Laird, advancing our strategic objectives and focusing on delivering on our targets and commitments. Our overall market position remains strong and we continue to benefit from operating within diverse end markets and with a broad customer base.
* underlying earnings per share are stated before exceptional items, the amortisation of acquired intangible assets, deferred tax on acquired intangible assets and goodwill, the gain or loss on disposal of businesses, the impact arising from the fair valuing of financial instruments and acquisition transaction costs.
Laird PLC
Nigel Keen, Executive Chairman
Jonathan Silver, Finance Director
Anna Hartropp, Head of Investor Relations
Tel: 020 7468 4040
Maitland
Brian Hudspith
Liz Morley
Tel: 020 7379 5151