HARTLEPOOL, UK – Electronic manufacturing services company Stadium Group reported 2008 revenues rose 17% to £47.6 million and pretax profits were up 5% to £2.78 million, aided by the acquisition of Zirkon Ltd. Operating profits from Stadium Electronics and its subsidiary Stadium Power were above 25%.  

Net cash flow was down 15% to £4.12 million for the year.

Chief executive Nigel Rogers said customer demand and visibility have been weak as 2009 gets underway. "We have experienced weakening of customer demand in the opening few weeks of 2009, and these conditions are expected to prevail in the short term. The full extent of the global downturn and its impact on manufacturers worldwide is as yet unclear. “

On Oct. 31, the Stadium acquired EMS provider Zirkon, and said today the integration of its operations “is progressing very well.”

1 GBP (£)= 1.41297 US$

 

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