Low & Bonar PLC 2007 Interim Results

* Restated for the effect of the rights issue.

Highlights

• Turnover up 58% to £142.1m and profit before tax, amortisation and non-recurring items up 64% to £7.4m
• Floors divisional operating profit up 12.5% to £4.5m boosted by new product launches and continued high customer service
• Technical Textiles divisional operating profit up 160% to £6.5m with a maiden first half contribution from Colbond

Commenting on the results, Paul Forman, Group Chief Executive, said:

“This half year, one of 80% growth in operating profit before amortisation and non-recurring items, reinforces the growing financial stability of the Group and the major benefit of the Colbond acquisition. We are confident that our two core markets can sustain significant growth in sales and profit into the future, both organically and through acquisition. Our expectations of progress for the rest of this year are being underpinned by continued positive markets, further productivity improvement and a comparatively stable raw material environment. Accordingly, trading remains in line with expectations.”

For further enquiries please contact:

View the full results announcement (in PDF format).

View the Key Financial Data (in PDF format).