Chloride says fourth quarter in line with expectations
Chloride Group, the specialist provider of critical secure power solutions, today reports a record order book and good visibility of further opportunities in the fourth quarter in its interim trading statement.
Chloride said that trading in the third quarter maintained the trend in performance reported at the half year on 3 November 2008 and was in line with management’s expectations. The fourth quarter has started in line with the group’s expectations.
Commenting, chief executive Tim Cobbold said: “Chloride has a robust cash-generative business model. We have made sustained progress towards our objectives in the first nine months of the year. Order intake remains ahead of sales; a record order book and good visibility of further opportunities in the fourth quarter give confidence in the outturn for this financial year.”
Electrical and Mechanical Contractor