Low & Bonar PLC announced trading update for the period since 30 November 2017. Group revenue has increased in the first quarter of the year, despite challenging market conditions in Europe and the USA, led by growth in both the Building & Industrial and Interiors & Transportation businesses albeit with a slightly unfavourable product mix. Raw material cost increases have had a negative impact in the first quarter and actions have been taken to mitigate these through increased selling prices, although the benefit of this is likely to be realised in the second half.

The Board's expectations for the full year remain unchanged, it expects the Group's financial results to have a much greater weighting to the second half than in the prior year. The Board is confident that it is taking the right actions to improve performance and create a strong long term growth platform for the Group.