Investor's Champion
How to make your money go further

AEA Technology (AAT): Trading in line and net debt better than expected

17/02/2010 · AEA Technology (AAT) 
The market leading energy and climate change consultancy, published its Interim Management Statement for the period from 1 October 2009 to 16 February 2010.
Trading continues to be in line with the Board’s expectations with the positive cash performance supported by an improvement in the US as a result of actions taken to reduce working capital. Year-end net debt levels are expected to be slightly better than market expectations. AEA continues to bid on a good pipeline of opportunities in the US and this is expected to convert into strong growth during 2011/12. In Europe the business is now on a significant number of UK Government Framework contracts although management commented that the continuing uncertainty around the UK Government’s finances makes it less clear…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login