Amiad confident in gaining France sanitation certificate
Water treatment and filtration systems provider Amiad updated the market on issues with the sanitation certification used by its French subsidiary, saying it had now put in place new management oversight of both its French and wider European operations.
The AIM-traded firm confirmed the appointment of Amiad's chief operations officer and vice president of operations as the interim president of the subsidiary.
It said the former president of the subsidiary was leaving the company with immediate effect.
“In addition, application for the requisite ACS certification for the relevant products has now been submitted,” the board confirmed in its statement.
“Amiad continues to work with its customers to minimise the disruption to ongoing projects and is in the process of supplying information to, and answering queries from, the relevant authorities, such as the French Ministry of Health and Solidarity.”
The company said it expected there to be some “exceptional legal and other costs” related to this issue incurred during 2017.
However, based on currently available information, the company did not anticipate there to be a material impact on the company's results for the 2017 financial year.
Trading otherwise continued in line with management's expectations, and the company said further details would be provided in interim results due to be announced in September.