600 Group PLC - Covid-19 Trading Update
Covid-19 Trading Update
As reported in the trading update on
Trading results for the year to
To help mitigate the impact of the pandemic, the Group is taking advantage of government schemes and stimulus packages, including loans under the
Following the de-risking of the Group with the receipt of surplus from the successful pension scheme buy out in 2019 and the sale of the Gamet business and property in the year ended
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Tel: 0207 457 2020
Tel: 020 3368 3553
WH Ireland (Broker)
Tel: 020 7220 1666
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and a global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products are sold via specialist distributors to OEMs, including other machine builders.
Industrial Laser Systems
Industrial laser systems cover laser marking and processing including cutting, drilling, ablation and a host of other niche applications in the marking and micro machining sectors. They require no consumables, can operate on a continuous high speed basis and can be integrated into customers' production lines. The businesses have their own technology and proprietary software. Customer applications are diverse and range from aerospace to medical and pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.
More information on the Group can be viewed at: www.600group.com
This information is provided by RNS, the news service of the
Quick facts: 600 Group
Market Cap: £8.81 m
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