| CATEGORY: SMALL CAPS NEWS SECTOR: SUPPORT SERVICES |
Latchways investing in resources to drive revenue |
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Fri 12 Sep 2008
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LONDON (SHARECAST) - Safety harness specialist Latchways said it is continuing to invest in additional resources to drive revenue growth and added it was confident of its full year performance meeting market expectations
“Whilst this investment will naturally take time to produce returns, we believe it is essential to ensure that we maintain our position at the forefront of our industry,” said the group.
Latchways said its business remains in robust health with order intake for the first five months at record levels. Its installer-based business, which accounts for the majority of its activity, continues to generate revenue growth despite the worsening economic climate.
After an exceptional summer last year, the group’s vertical business has been quieter due to the timing of customers' maintenance spend. Planned maintenance programmes later in the year are expected to improve revenues in the second half.
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