Invensys Gives Confirmation of Guidance for 2001/02 Trading Performance.Business Editors LONDON--(BUSINESS WIRE)--March 26, 2002 Invensys Invensys plc is a British engineering company, headquartered in London, England. It was formed by the merger of Siebe and BTR in 1999. The company is multinational with operations in over 60 countries, employing over 35,000 employees. plc, the international production technology and energy management Group ("Invensys"), confirms the guidance given on February February: see month. 19 on trading performance for the current year. As communicated at that time, trading in the second half has been mixed. Throughout February and March, early signs of recovery in appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. and climate controls have been offset by continued weakness in telecoms and IT; however, orders are now also increasing in the industrial businesses of the Automation and Controls divisions. The Board therefore expects that the Group will exceed the requirements of its banking covenant for the year ending March 31, 2002. Notes Invensys plc Invensys plc, the international production technology and energy management group, specializes in helping companies to improve efficiency, performance and profitability. With close to 76,000 employees, Invensys is headquartered in London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. , England England, the largest and most populous portion of the United Kingdom of Great Britain and Northern Ireland (1991 pop. 46,382,050), 50,334 sq mi (130,365 sq km). It is bounded by Wales and the Irish Sea on the west and Scotland on the north. . Our Production Management businesses work closely with customers in order to drive up performance of their production assets and maximize the return on investments in product technologies. The division includes Foxboro, Wonderware, Triconex, APV APV See: Adjusted Present Value , Eurotherm and Baan and it addresses the oil, gas, and chemicals; food beverage and personal healthcare; and discrete and hybrid manufacturing sectors. Our Energy Management businesses actively work with clients involved in both the supply and consumption of energy, developing systems using innovative technologies that improve the reliability and security of power supplies. The division includes Energy Solutions, Metering Systems, Appliance and Climate Controls and Power Systems and focuses on markets connected with power and energy infrastructure and commercial and residential buildings. |
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