FDBK Feedback Plc

RNS No 6129x
FEEDBACK PLC
29th September 1998

                               FEEDDBACK PLC

                              CURRENT TRADING

The Group designs, manufactures and markets electronic, electrical and
computer based equipment for education and industry with exports accounting
for approximately 60% of turnover.  It operates through two principal UK
subsidiaries, Feedback Instruments Limited (educational products) and
Feedback Data Limited (data capture/access control equipment), together with
smaller subsidiaries in America and Germany.

In the Chairman's Statement on the results for the year ended 31 March 1998
concerns were expressed about the performance of the Instruments company in the
first quarter of the current financial year due to economic and political
uncertainties in the company's important Far Eastern markets and it was stated
that it was possible that the Instruments company could show a loss at the half
year due to the timing of expected orders. Whilst the level of potential
business remains high, further delays in the placement of orders have been
experienced and as a result the Instruments company will make losses during the
first half. As a consequence the Board has taken steps to reduce costs which
will show annual savings of #600,000 and which will have a marginally
beneficial effect during the second half. As part of this process, Instruments
has made 25 redundancies at a cost of approximately #120,000. Within the UK
market there are currently a number of Government skills training initiatives
which should benefit the Instrument company in the second half. However, the
full year outcome for this subsidiary is dependent on converting this current
potential, both in the UK and export markets, into sales.

Feedback Data has continued the strong performance indicated at the time of
the Annual Report. The Company's core business for Data Capture Terminals has
improved with additional opportunities through new VARs (Value Added Resellers)
in prospect. The products launched in the Access Control/Security market have
been further enhanced and these, together with a new portable unit and a
recently launched machine monitoring terminal, are providing an increasing
contribution to the business. Current trends indicate that the strong first
half Performance should be maintained through the second half.

The American and German subsidiaries continue to operate profitably and in line
with expectations.

The Board considers tbat, in view of the performance of the Instruments company,
the Group will show a loss at the half year stage.

D H Harding
Chairman

For further information contact R F Barnett, Managing Director, telephone 
01892 653322.


END

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