Ricardo plc is today providing a trading update for the period ended 30 June 2014. Ricardo will announce its full year results for the twelve month period ended 30 June 2014 on 11 September 2014.
Overall customer activity in the last two months has been positive, leading to a record year end order book and a good pipeline across multiple geographies and different business segments. Asia, in particular, has continued to perform well with orders being signed in both China and Japan in the final quarter, with further opportunities in the latter stages of negotiation.
We expect profit performance to be in line with market expectations and total Group revenue for the full financial year to be slightly above the prior year, as indicated in our Interim Management Statement issued in May.
The balance sheet remains strong with further cash generation in the period leading to a cash balance slightly ahead of expectations. In addition, bank facilities continue to be available to support further investment.
Dave Shemmans CEO commented:
"We have ended the year with a strong order intake in the final quarter, leading to a record order book as we enter the new financial year. Market conditions remain strong in the UK and Asia and are improving in the US, however Germany remains challenging. The strong order book and pipeline, together with the large long-term assembly contracts secured in the year, provide confidence in the further development of the business."
Further enquiries:
Ricardo plc
Dave Shemmans, Chief Executive Officer
Ian Gibson, Chief Financial Officer
Tel: 01273 455611
Website: www.ricardo.com
Ricardo plc is a global strategic, environmental, and engineering consulting company. The Company operates through five segments: Energy and Environment (EE), Rail, Automotive and Industrial (A&I), Defense, and Performance Products (PP). The EE segment is engaged in the provision of environmental consultancy services to customers across the world. The Rail segment is a consultancy unit that provides technical advice and engineering services; and performs accredited assurance services. The A&I segment is engaged in the provision of engineering, strategic consulting, and design, development, and testing services, focused on hybrid and electric systems, electrification, engines, driveline and transmissions, testing, and vehicle engineering. The Defense segment provides engineering services, software, and products to customers in the United States defense market. The PP segment manufactures, assembles, and develops niche components, prototypes, and complex products.
RICARDO PLC 
