Ricardo plc (RCDO.L) said that revenue in the period from 1 January 2012 to date was up 3% on the same period last year. The order book at the end of April remains strong at 106 million pounds, compared to 104 million pounds this time last year.
Total orders received for the four months tracked slightly behind the same period last year, however orders for the ten month period are in line with last year.
Dave Shemmans CEO commented, "We are pleased with the progress of the UK business, which has built a stronger resilience through the addition of the niche assembly programmes and a portfolio of multi-year engineering programmes. Our new marine, rail and clean energy sectors are adding additional high quality orders with Asia, and in particular Japan, being a good source of business. The US and German markets however, remain challenging and we have seen a return to some cautious order placement in recent months.
Overall the order book and pipeline remains healthy and we remain confident of further progress for the full year. "
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