AutoLogic Holdings Plc
LSE : ALG

March 24, 2009 03:00 ET

Autologic Holdings plc: Final Results

24 March 2009
                                                   
                                        Autologic Holdings plc
                                                   
                              ("Autologic", the "Company" or the "Group")
                                                   
                                             Final Results
                                  for the year ended 31 December 2008

Autologic,  a leading provider of support services to the automotive industry specialising in  vehicle
technical  services  and distribution, is today announcing its unaudited final results  for  the  year
ended 31 December 2008.

Summary

*       Revenue from continuing operations of £171.1 million (2007: £180.7 million).
*       Operating profit from continuing operations, before exceptional items, of £0.5 million
        (2007 : £5.5 million).
*       Profit before taxation from continuing operations, before exceptional items, of £0.6 million
        (2007 : £4.6 million).
*       Statutory profit for the year, including exceptional items and discontinued operations of
        £0.1 million (2007 : loss £22.6 million).
*       Business performance earnings per share of 0.9p (2007 : 5.0p).  Statutory earnings per share
        of 0.1p (2007 : loss per share 38.2p).
*       Net debt at year-end of £4.0 million (2007 : £3.3 million).
*       Significant progress in management restructuring programme, resulting in a simplified
        management structure, more direct lines of communication, stronger controls and a more streamlined
        organisation.
*       Management of UK distribution activity centralised within our corporate office in Northampton.
*       Quick action taken in 2008 in response to the economic downturn.  Distribution fleet downsized
        in proportion to the reduction in anticipated level of demand at an exceptional cost of £6.4 million.
        Other cost reduction initiatives under consideration.
*       Significant progress made in resolving many outstanding issues that remained following the
        loss of the Ford contract in November 2007. In March 2009, the transfer of members from the Ansa
        pension scheme to Ford was completed, which will result in a pre-tax settlement gain of approximately
        £3.5 million.  The benefit of this transfer will be reflected in the 2009 results.
*       Capital reduction completed in December 2008, eliminating the deficit on retained earnings.
*       The Board remains positive on the Group's longer-term prospects, but believes the outlook for
        the automotive marketplace will remain challenging in 2009.

Non-Executive Chairman, Reg Heath, commented:

"The progress made in restructuring the business, coupled with the Group's net debt and gearing position as
at 31 December 2008, is encouraging. The Board remains focused on controlling this position. The
economic situation in the UK in general and in the automotive marketplace in particular continues to
be challenging.  Naturally we are cautious in our outlook for 2009 and, even with the measures taken
to reduce costs, we fully expect the current year to be as challenging as 2008.  We believe that once
the economic situation improves, which we do not expect to be before 2010, the business will be well-
positioned to develop in a controlled and profitable manner."

Chief Executive Officer, Avril Palmer-Baunack, commented:

"2008 has been an extraordinary year for the automotive industry and has provided us with many challenges.
Following the events of the summer and subsequent impact on the economy, the main focus has been on
short-term issues and the restructuring activities required to align the business with the changes in
the marketplace.  We believe that a key requirement in the current marketplace is to continue to
develop a robust, scaleable business model which will be able to flex and manage the eventual recovery
in the market. The challenge we face is to develop this model whilst keeping current operating costs
under control and at an appropriate level for the reduced volumes in the current market.

The business remains a key player in the provision of core support services to the automotive marketplace.
With our market position we will continue to be the supplier of choice, and I expect the economic
climate to provide us with new ways in which we can develop stronger relationships with both our
current and prospective clients."

Enquiries:

Autologic Holdings plc
Avril Palmer-Baunack, CEO                 01604 664406
Andrew Somerville, Group FD

Panmure Gordon
Hugh Morgan                               020 7459 3600

Biddicks
Katie Tzouliadis                          020 7448 1000



                                         Chairman's Statement


Since my appointment in October 2007 to the Board of Autologic Holdings plc as Chairman, there have
been significant changes for the Group, and more latterly, unprecedented challenges for the economy
and our industry.

Significant Events

Last year I explained that, following the appointment of Avril Palmer-Baunack as Chief Executive
Officer in November 2007 and Andrew Somerville as Group Finance Director shortly afterwards, there
would be further changes to the Group.  During 2008, many of these changes have been implemented and I
believe we now have an appropriate platform for the management of the operations in the current
economic downturn.

The management structure of the Group has been simplified, resulting in a leaner organisation with
reduced overheads. Core elements of the management of our UK distribution activity have been
centralised within our corporate office at Northampton, resulting in more direct lines of
communication, stronger controls and a more streamlined operation.  Within our UK technical services
business area, a review of activities has resulted in the elimination of under-performing services at
one depot and the provision for closure of another depot.

During the year, we made significant progress in resolving many of the outstanding issues that
remained following the loss in November 2007 of the contract with Ford Motor Company Ltd ('Ford'),
whilst maintaining a positive working relationship with Ford.  Consequently, in the 2008 results we
have been able to reverse provisions established in 2007 of £10.6 million before tax. This is clearly
an excellent outcome for the Group, which strengthens the Group's Balance Sheet and eliminates major
uncertainties for the future.

In July 2008, we completed the sale of our minority shareholding in Edmunds Holdings Company Inc., a
company incorporated in the United States ('US'). This had followed a strategic decision, particularly
in light of the declining US economic situation at the time, to dispose of the interest and generated
cash proceeds of £2.0 million. A loss on disposal of £3.1 million has been recorded in the 2008
results. The further deterioration in the US automotive sector experienced since then has endorsed our
decision.

In the UK, during the second half of the year we have seen an unprecedented downturn within our
industry.  New car registrations, whilst having been broadly flat year-on-year in the first half of
2008, reduced by 19% in the third quarter of 2008 compared to the same period in 2007, and by 27% in
the final quarter of 2008 compared to the same period in 2007.  The downturn continues as I write this
report and we expect new car registrations for 2009 to be significantly lower than in 2008.  Although
we were well advanced with the implementation of our restructuring by the end of the first half of the
year, Management has had to respond even more quickly to reduce the cost base of the Group and to
position it for future anticipated demand. Further restructuring activities may be required in 2009
and beyond to respond to any continuation of the downturn in the automotive marketplace. We will
continue to monitor the position carefully and react to changes as necessary. I am confident that with
its spread of activities and with the continuing support of its stakeholders, the Group will emerge
from this difficult period a stronger and leaner business and well-positioned for sustainable growth.

Financial Results

Revenue from continuing operations for the year ended 31 December 2008 reduced by 5% to £171.1 million
(2007 : £180.7 million).  UK revenue fell by 10% to £145.8 million, reflecting the marked slowdown in
new car registrations in the third and fourth quarters.  Revenues from Benelux increased by 26% to
£23.1 million and sales from the Czech Republic increased significantly to £2.2 million.  The
strengthening Euro was a significant factor in these increases, although we also won new customers in
both regions.  These markets have not yet slowed down to the same extent as already experienced in the
UK marketplace.

Operating profit from continuing operations (before exceptional items) reduced to £0.5 million from
£5.5 million in 2007.   This reduction in profitability was due to many factors, not least of which
was the fact that the efficiency of the UK business was impacted by the ongoing restructuring and the
many historical issues requiring resolution, coupled with unprecedented rises in fuel prices and the
dramatic decline in economic conditions. Our Benelux operations performed satisfactorily as their
markets remained strong relative to the decline experienced in the UK.  However, we do expect a
decline in the Benelux market during 2009.

The Group incurred exceptional costs of £12.2 million before tax during the year
(2007 : £6.3 million), which are explained in greater detail in the Chief Executive Officer's
Statement. Discontinued operations, which in 2008 relate to the transactions resulting from the exit
of the Ford contract in November 2007, generated a post-tax income (primarily by way of the reversal
of provisions created in 2007) of £8.6 million (2007 : loss of £20.6 million).

The statutory result for the year, including exceptional items and discontinued operations, was a
profit of £0.1 million (2007 : loss of £22.6 million).  Business performance basic earnings per share
decreased to 0.9p (2007 : 5.0p) and on a statutory basis the basic earnings per share was 0.1p (2007 :
loss per share 38.2p).

Net debt as at 31 December 2008 was £4.0 million (2007 : £3.3 million). Considering the significant
exceptional cash costs incurred during 2008 relating to both 2007 and 2008 restructuring charges, this
is an excellent result and well ahead of expectations.

Dividend

The Directors will not be recommending a dividend (2007 : £nil) to Shareholders at the Annual General
Meeting ('AGM').

Capital Reduction

In December 2008, the exercise to reduce the capital of the Company and to eliminate the deficit on
retained earnings was completed. The Balance Sheets of both the Company and the Consolidated Accounts
of the Group as at 31 December 2008 reflect this change, which was registered by the Registrar of
Companies in December 2008. The authorised share capital of the Company now comprises 100,000,000
Ordinary shares of 0.1p each.

Articles of Association

We are also asking Members to approve the adoption of new Articles of Association, primarily to
reflect the provisions of the Companies Act 2006. An explanation of the main differences between the
new and the existing Articles of Association will be included with the Notice of Meeting for the
Annual General Meeting.

Board Changes and Staff

Russell Brown, formerly Chief Operating Officer, and Roger Putnam, previously Non-Executive Director,
left the Board on 9 April 2008 and 15 October 2008 respectively.  On behalf of my colleagues, I would
like to thank them for their contributions to the Group.

I would also like to take this opportunity to thank all of our employees for their hard work and
commitment in what has been a very difficult trading environment. With their ongoing support I am
confident that Autologic will continue to provide market-leading services to the automotive industry.

Outlook

The progress made in restructuring the business, coupled with the Group's net debt and gearing
position as at 31 December 2008, is encouraging. The Board remains focused on controlling this
position. The economic situation in the UK in general and in the automotive marketplace in particular
continues to be challenging.  The short to medium-term outlook for the automotive market is uncertain.
Management has moved quickly and we have taken and continue to progress with what we believe to be the
necessary steps to downsize the business to reflect the expected level of new car registrations and
production in 2009.  Naturally we are cautious in our outlook for 2009 and, even with the measures
taken to reduce costs, we fully expect the current year to be as challenging as 2008.  We believe that
once the economic situation improves, which we do not expect to be before 2010, the business will be
well-positioned to develop in a controlled and profitable manner.

Reg Heath
Non-Executive Chairman



                                  Chief Executive Officer's Statement

Overview

2008 has been an extraordinary year for the automotive industry and has provided us with many
challenges.

When I joined the Group in November 2007, I expected to be able to focus throughout 2008 firstly on
the immediate impact of the significant implications of the loss of the Ford contract and secondly on
the development of the Group and its future strategy. I was not expecting to discover so many
historical issues requiring resolution. Additionally, in the second half of the year, following the
events of the summer and subsequent impact on the economy, the main focus has been on short-term
issues and the restructuring activities required to align the business with the changes in the
marketplace. However, Management does recognise the need for strategic direction to grow in the
future, even though the current focus, through necessity, is on restructuring the business to cope
with the current economic downturn.

Results

Revenue from continuing operations reduced by 5.3% to £171.1 million (2007 : £180.7 million).
Revenues from the UK decreased by £16.4 million to £145.8 million (2007 : £162.2 million), whilst
overseas revenues increased, with sales from Benelux improving by £4.8 million to £23.1 million and
sales from the Czech Republic rising by £2.0 million to £2.2 million. Operating profit from continuing
operations (before exceptional items) reduced to £0.5 million from £5.5 million in 2007. The UK result
was heavily impacted by the distraction of the many inherited issues within the business, in
conjunction with the unprecedented high diesel prices and the dramatic slowdown in sales of new cars
in the UK in the third and fourth quarters of 2008, which resulted in reduced UK operating profit from
continuing operations (before exceptional items) of £1.6 million (2007 : restated, £7.6 million).
There was an improved operating performance in Benelux, where profits before exceptional items
increased to £1.0 million (2007 : £0.9 million), although this result benefited from the strong
volumes experienced within our joint venture businesses.  Overhead savings achieved in the year of
£0.9 million reduced head office costs to £2.2 million
(2007 : restated, £3.1 million).

The net finance cost reduced to £0.3 million (2007 : £1.4 million) following a reduction in the levels
of net debt, coupled with reductions in the interest rates charged on the Group's borrowings during
the year.

Our joint ventures operating in Benelux continued to perform satisfactorily and contributed
post-tax profits of £0.4 million for the year (2007 : £0.5 million).

Profit before tax from continuing operations (before exceptional items, which mainly relate to
restructuring activities) was £0.6 million (2007 : £4.6 million). On a statutory basis, including the
effect of the exceptional items, continuing operations suffered a loss of £11.6 million before tax
(2007 : loss of £1.7 million).  The exceptional costs are detailed in the table below:



                                                                                    2008          2007
                                                                                     £'m           £'m
Exceptional costs                                                                                     
Costs associated with downsizing driver numbers and the transporter fleet          (6.4)             -
Leased transporter return costs                                                    (0.5)             -
Loss on disposal of shareholding in Edmunds Holdings Company Inc.                  (3.1)             -
Restructuring costs                                                                (1.8)         (2.9)
Provision for loss-making contracts                                                (1.9)         (0.6)
Foreign exchange gains on Euro denominated receivables                               1.5             -
Dilapidation and property costs                                                        -         (2.6)
Other                                                                                  -         (0.2)
Total                                                                             (12.2)         (6.3)
  
Exceptional costs in 2008 were greater than originally planned.  This was largely due to the sharp
deterioration in the economy and the automotive marketplace and our resultant restructuring
activities. The costs associated with downsizing driver numbers and the transporter fleet represent
the cost of the actions taken to reduce the size of the fleet to appropriate levels in response to the
economic downturn and expected levels of new car registrations and production in 2009.  The cost of
redundancies was £2.9 million and the provision for onerous transporter leases and other costs
relating to the stood-down transporters was £3.5 million. In the final quarter of 2008, we reduced our
driver headcount by approximately 30%. These actions have been significant but carefully considered
and result in a resource base that is more appropriate to the levels of activity we are anticipating
for 2009.  Similarly, the leased transporter return costs represent contractual commitments which have
been, or are expected to be, incurred because of the downturn in the market.

In July 2008, the Group completed the sale of its minority shareholding in Edmunds Holdings Company
Inc., generating net cash proceeds of £2.0 million but resulting in a loss on disposal of £3.1
million.

The restructuring costs include charges of £0.5 million in respect of senior management changes and
£1.3 million in respect of other structural changes implemented during the year, which included the
centralisation of the management of our UK distribution operations into our Northampton office, other
strategic changes in the UK and Benelux, and the closure of our business unit in Lithuania.
Restructuring costs in 2007 included charges of £2.3 million in respect of senior management changes
and £0.6 million of further employee costs.

The provision for loss-making contracts includes £1.2 million of further closure costs relating to our
depot that was dedicated to Autologic's First Fleet business unit, as well as certain other UK
technical services contracts.  In 2007, we made provision for £0.6 million in respect of this site to
recognise the onerous property lease costs, but since then it has become apparent that the reduction
in trading at the site will be more severe than expected, particularly in light of the current
economic situation. The provision for closure costs includes all expected costs to completely exit
this facility at the end of the lease term in June 2009. There were further costs of £0.3 million in
respect of the partial closure of an under-performing technical services depot and £0.4 million in
respect of long-term IT equipment contracts that have fixed levels of supply of equipment and services
which are in excess of the Group's current and foreseeable requirements.

The foreign exchange gains on Euro denominated receivables relate to exchange movements on non-trading
items.

In 2007, the dilapidation and property costs included £1.3 million of exit costs relating to the
Oosterhout site in Holland, which have now been incurred in moving out of the site and £1.3 million of
estimated costs relating to accrued dilapidations on leasehold sites in the UK. The exit from
Oosterhout was successfully completed during 2008 removing any future potential environmental
liability from the Group and reducing the future operating cost base of our Benelux operation.

On a statutory basis, continuing operations reported a loss after tax of £8.5 million (2007 : loss of
£2.0 million).  The tax credit on continuing losses was £3.1 million (2007 : charge of £0.3 million),
which represents an effective tax rate of 27%.

During the year, the Group has made significant progress in positively resolving many of the legacies
from the loss of the Ford contract in November 2007.  The results of transactions concluded in the
year are shown in the table below:

                                                                                    2008          2007
                                                                                     £'m           £'m
Discontinued operations                                                                               
Operating result                                                                       -           4.0
Impairment of goodwill relating to Ford contract                                       -        (13.8)
Closure costs relating to loss of Ford contract                                     10.6        (11.3)
Closure costs relating to CarsCarsCars business unit                                   -         (0.4)
Profit on disposal of Walon Iberia SL                                                  -           0.6
Taxation                                                                           (2.0)           0.3
Total after tax                                                                      8.6        (20.6)

In September 2007, the Group announced that Ford had made a decision to in-source its vehicle
distribution activities previously supplied by the Group's subsidiaries, Ansa Logistics Ltd ('Ansa')
and Autocar Logistics Ltd ('Autocar'). The Group's Management agreed transitional arrangements with
Ford on 3 November 2007 and since this date has worked positively with Ford management to effect an
orderly transfer and transition of the business for the benefit of the employees, Ford and the Group.

The transitional arrangements agreed with Ford in 2007 provided for the short-term rental of
transporters to Ford.  This resulted in a provision of £5.0 million being booked in 2007, representing
the lease commitments for the periods beyond the rentals to Ford.  Ford continued to lease these
transporters throughout 2008 and in December 2008 the Group reached a further agreement with Ford for
the novation of all of the remaining long-term transporter leases. Therefore, the original provision
for transporter lease costs has been released which, together with the additional profit from trucks
leased to Ford during 2008 beyond the initial agreed lease periods, has resulted in a profit of £5.5
million within discontinued operations.

The Group has also completed the novation to Ford of the property lease at Southampton.  During 2008,
certain transitional arrangements with Ford, such as the provision of IT services, extended beyond the
time periods set out in the transitional arrangements, which resulted in more income than anticipated
in 2008. This additional income, together with the novation of the Southampton lease and the
resolution of other provisions that existed upon the cessation of the trade of Ansa and Autocar, has
resulted in a further release of provisions and recognition of income of £5.1 million during the year.

As I explained in last year's report, in November 2007, Ford agreed to take over responsibility for
the pension deficit that existed in the Ansa Logistics Pension Plan ('the Ansa scheme') upon the
transfer (under TUPE) of the Ansa employees to Ford.  This was to be achieved by either a transfer of
pension obligations into Ford pension schemes or through payment of compensation to Ansa.  No such
transfer or payment had been concluded as at 31 December 2008 and therefore no benefit from this
agreement has been recognised in these final results.  However, I am pleased to report that in March
2009, a significant number of those employees elected to transfer their pensions from the Ansa scheme
to Ford.  The terms of this transfer will result in a pre-tax settlement gain of approximately £3.5
million, which will be recognised in the Financial Statements for the year ended 31 December 2009.
Ansa continues to be responsible for the future funding position of the Ansa scheme and for those
members that remain in the scheme.  However, with a significantly smaller scheme, the financial
exposure to future funding shortfalls is materially reduced.

Business performance basic earnings per share reduced to 0.9p (2007 : 5.0p) and on a statutory basis,
including the effect of the discontinued operations, basic earnings per share was 0.1p (2007 : loss
per share 38.2p).

The good progress made in 2007 in reducing net debt has been largely maintained during 2008.  As at 31
December 2008, net debt stood at £4.0 million, up from £3.3 million at the end of 2007 but well below
market forecasts.  The Board has remained focused on controlling working capital and capital
expenditure during 2008 and the Group has operated comfortably within its financing facilities.  The
Group's financing facilities are with GE Commercial Finance Ltd ('GE') and are due for renewal on 27
March 2010.  We have started discussions with GE relating to the possible extension or renewal of
these facilities and no matters have been drawn to our attention to suggest that either may not be
forthcoming on acceptable terms.

Operations

UK

In the continuing UK businesses, revenues were £145.8 million (2007 : £162.2 million). Revenue was
down by 10.1% reflecting the reduction in registrations of new cars, which were 11% down for the year
and 27% down for the fourth quarter. The lower UK revenues in the second half of 2008 of £64.7 million
compared to £78.8 million in 2007, a reduction of 17.9% demonstrating the speed of deterioration in
the marketplace during the year. In particular, UK transportation revenue in the second half of 2008
of £34.3 million compared to £44.6 million in 2007, a reduction of 23.1%.

I am pleased to report that in 2008 the Group has renewed significant core contracts for the provision
of UK distribution and technical services, with BMW and GM for a further 3 years and with Mitsubishi
for a further 5 years.  The Group won a 3-year contract for distribution with Suzuki, offsetting a
reduction in volumes from Hyundai which was not renewed due to the increase in pricing required to
make the contract profitable. We won a new 3-year contract to distribute Minis to the ports of exit
for export markets. Toyota Manufacturing Europe awarded us a new
2-year contract for the delivery of vehicles manufactured at their plant in Burnaston near Derby to
the ports of exit for export markets. A new 3-year Mazda contract was secured along with a
1-year extension to our contract with Gefco who manage distribution services for the PSA Peugeot
Citroen Group.

The Group was also the winner of several awards during the course of the year for distribution and
technical services in both the UK and in Europe, reflecting the first positive signs of a culture
change to service excellence.

Operating profit before exceptional items in the UK was £1.6 million (2007 : restated, £7.6 million).
The UK distribution division was heavily impacted by significantly higher fuel prices in 2008, coupled
with the downturn in economic conditions in the second half of the year.  During the first half of the
year, diesel prices increased sharply to unprecedented levels which, under the terms of the majority
of the commercial contracts, resulted in a net cost to the business. Whilst diesel prices have reduced
more recently, the net impact on the results was a reduction in operating profit of some £2.5 million.
The UK technical services division was less affected by the downturn in the fourth quarter of 2008, as
existing volumes of cars within the supply stock cycle maintained activity levels.  This situation is
likely to deteriorate as the supply of new cars entering the system reduces, and consequently we
expect activity within this division to reduce during 2009.


Benelux

In the Benelux, revenue at £23.1 million (2007 : £18.3 million) was £4.8 million higher than the
previous year. The pre-exceptional operating profit of £1.0 million (2007 : £0.9 million) was
£0.1 million higher than in the previous year.  A factor in these increases was the strengthening of
the Euro against Pound Sterling, which increased the consolidated revenue and operating profit by £2.9
million and £0.1 million respectively. On the other hand, the stronger Euro negatively impacted the
revenues and profitability of the GM cross-border activities within Benelux, which are billed and paid
for in Pound Sterling. This reduced operating profits by £0.6 million relative to budgeted exchange
rates. Benelux also benefited from strong levels of referral business from the joint venture
businesses which in turn resulted from several new model launches.

Benelux renewed significant core contracts with BMW distribution for 5 years and with Toyota
distribution and technical services for 3 years.  Additionally, in June 2008, Ford distribution into
Holland commenced as a new contract amounting to an approximate increase of 15% in revenues in a full
year.

Czech Republic

In the Czech Republic, revenues increased to £2.2 million (2007 : £0.2 million) following an increase
in the size of the transporter fleet and an increase in the volume of cross-border work controlled
from the relatively low-cost resource base.  Operating profit was £0.1 million
(2007 : £0.1 million) and new business was secured with Glovis and GM during the year, supplying cross-
border services which are expected to provide additional revenues and margin during 2009.

Head Office Costs

Head office savings of £0.9 million have been achieved largely through a reduction in headcount, a
restructuring of management and strict control of discretionary expenditure.  Head office costs have
reduced to £2.2 million (2007 : restated, £3.1 million). Management continues to scrutinise every cost
line with a view to driving through further cost reductions during 2009.

Future Plans and Actions

We believe that a key requirement in the current marketplace is to continue to develop a robust,
scaleable business model which will be able to flex and manage the eventual recovery in the market.
The challenge we face is to develop this model whilst keeping current operating costs under control
and at an appropriate level for the reduced volumes in the current market. We are working on the
structure and the cost base of the business with this in mind. For example, investing in good quality
transporters which are at the end of their lease term might increase borrowing costs in the short-
term, but once the market recovers having access to our own equipment will provide us with a low-cost
mechanism by which we can quickly respond to our customers' requirements. Hence we are selectively
buying certain core assets for the future which will position us well against our competitors.

The Group is now operating in a much more coordinated fashion, through the various changes made to the
organisational structure and the management disciplines that have been introduced. Whilst we have
already made significant progress, there is still work to do in this area and driving culture change
in the Group will continue to be a key focus for 2009 and beyond.

2008 has proved to be a difficult year for the Group, notwithstanding the challenge of dealing with
many historical issues along with the unexpected and extreme acceleration of the economic downturn.
The focus entering 2009 remains the return of the business to acceptable levels of profitability and
the timeframe over which this can be achieved will inevitably be affected by the length and depth of
the economic downturn, which is materially impacting the whole of the automotive industry.

Having said that, I am pleased with the progress we have made in reshaping the business during 2008. I
strongly believe that Autologic has significant unrealised potential. There are many opportunities to
improve the financial performance of the Group. The business remains a key player in the provision of
core support services to the automotive marketplace. With our market position we will continue to be
the supplier of choice, and I expect the economic climate to provide us with new ways in which we can
develop stronger relationships with both our current and prospective clients.




Avril Palmer-Baunack
Chief Executive Officer
Unaudited Consolidated Income Statement
for the year ended 31 December 2008


                                                Year ended 31 December 2008                    Restated
                                                                                      Year ended 31 December 2007
                                                  Before Exceptional       After       Before  Exceptiona      After
                                             exceptional       items  exceptiona   exceptiona     l items exceptiona
                                                   items                 l items      l items                l items
                                       Note          £'m         £'m         £'m          £'m         £'m        £'m
                                         2         171.1           -       171.1        180.7           -      180.7
Continuing operations
Revenue
Cost of sales                            3       (162.1)       (8.9)     (171.0)      (166.2)           -    (166.2)
                                                    9.0        (8.9)        0.1         14.5            -      14.5
Gross profit
                                                                                                                    
Administrative expenses                  3         (8.5)       (3.3)      (11.8)        (9.0)       (6.3)     (15.3)
                                                     0.5      (12.2)      (11.7)          5.5       (6.3)      (0.8)
Operating profit / (loss)
Finance income                                       0.9           -         0.9          0.8           -        0.8
Finance costs                                      (1.2)           -       (1.2)        (2.2)           -      (2.2)
Post-tax share of profit from                        0.4           -         0.4          0.5           -        0.5
    interest in joint ventures
                                                     0.6      (12.2)      (11.6)          4.6       (6.3)      (1.7)
Profit / (loss) before taxation
Taxation                                 4             -         3.1         3.1        (1.6)         1.3      (0.3)
                                                     0.6       (9.1)       (8.5)          3.0       (5.0)      (2.0)
Profit / (loss) from continuing
operations
                                                                                                                    
Discontinued operations
Profit / (loss) from discontinued         2             -         8.6         8.6          2.4      (23.0)     (20.6)
operations
                                          7           0.6       (0.5)         0.1          5.4      (28.0)     (22.6)
Profit / (loss) for the year
                                                                                                                    
Attributable to:                                                                                                    
Equity Shareholders                      7                                   0.1                              (22.6)
Minority interests                       7                                     -                                   -
                                                                             0.1                              (22.6)

                                                                                                                    
                                                                                                                    
Earnings / (loss) per share                                                                                         
Basic and diluted                        5                                  0.1p                             (38.2)p
                                                                                                                    
Loss per share from continuing                                                                                         
operations
Basic and diluted                        5                               (13.7)p                              (3.4)p
                                                                                                                    
                                                                                                                    

The  comparative  result  for  the  year ended 31 December 2007  has  been  restated  to  reflect  the
reclassification from administrative expenses to cost of sales of those items explained in note  1  to
the final results.  There is no net effect on the result for the year.

Unaudited Consolidated Statement of Recognised Income and Expense
for the year ended 31 December 2008


                                                                                           Year ended     Year ended
                                                                                          31 December    31 December
                                                                                                 2008           2007
                                                                                                  £'m            £'m
                                                                                                                    
Translation differences on Group foreign currency investments                                     1.6            0.8
Actuarial gains on retirement benefit schemes                                                     0.5            2.1
Deferred tax charge on actuarial gains on retirement benefit                                    (0.2)          (0.6)
schemes
                                                                                                  1.9            2.3
Net income recognised directly in equity
Profit / (loss) for the year                                                                      0.1         (22.6)
                                                                                                  2.0         (20.3)
Total recognised income / (expense) for the year
                                                                                                                    
Attributable to:
Equity Shareholders                                                                               2.0         (20.3)
Minority interests                                                                                  -              -
                                                                                                  2.0         (20.3)



Unaudited Consolidated Balance Sheet
as at 31 December 2008

                                                                                                  2008       Restated
                                                                                                                 2007
                                                                                  Note             £'m            £'m
Assets                                                                                                               
Non-current assets                                                                                                   
Goodwill                                                                                          21.0           21.0
Other intangible assets                                                                            0.1            0.1
Property, plant and equipment                                                                     13.8           13.1
Financial assets: available for sale investments                                                     -            5.1
Investments accounted for using the equity method                                                  0.2            0.3
Deferred tax asset                                                                                 2.4            3.5
Trade and other receivables                                                                        6.0            3.7
                                                                                                  43.5           46.8
Current assets                                                                                                       
Inventories                                                                                        0.5            0.7
Trade and other receivables                                                                       29.6           34.9
Cash and cash equivalents                                                          8               5.9            7.6
                                                                                                  36.0           43.2

Liabilities                                                                                                          
Current liabilities                                                                                                  
Trade and other payables                                                                        (29.2)         (31.5)
Financial liabilities                                                              8             (1.1)          (1.2)
Current tax liabilities                                                                          (0.1)          (2.0)
Provisions                                                                                       (6.5)          (7.3)
                                                                                                (36.9)         (42.0)

                                                                                                 (0.9)            1.2
Net current (liabilities) / assets
Non-current liabilities                                                                                              
Financial liabilities                                                              8             (8.8)          (9.7)
Retirement benefit liability                                                                     (5.5)          (6.7)
Provisions                                                                                       (2.1)          (7.6)
                                                                                                (16.4)         (24.0)
                                                                                                  26.2           24.0
Net assets
                                                                                                       
Shareholders' equity                                                                                   
Ordinary shares                                                                    7               0.1            3.1
Share premium                                                                      7                 -           78.7
Other reserves                                                                     7              16.1            7.9
Retained earnings                                                                  7               9.6         (66.1)
Total Shareholders' equity                                                         7              25.8           23.6
Minority interest in equity                                                        7               0.4            0.4
                                                                                   7              26.2           24.0
Total equity

The comparative Consolidated Balance Sheet as at 31 December 2007 has been restated to reclassify
provisions of £7.3 million from non-current liabilities to current liabilities, as explained in note 1
to the final results.
Unaudited Consolidated Cash Flow Statement
for the year ended 31 December 2008


                                                                                           Year ended    Year ended
                                                                                          31 December   31 December
                                                                                                 2008          2007
                                                                                Note              £'m            £'m
Cash flows from operating activities                                                                                
Cash generated from continuing operations before exceptional items                 9              6.3            6.1
Cash used by continuing operations - exceptional items                                          (7.8)          (0.9)
Cash generated from discontinued operations before exceptional items               9                -            8.5
Cash generated from / (used by) discontinued operations - exceptional items                       0.8          (3.5)
Total cash (used by) / generated from operating activities                                      (0.7)           10.2
                                                                                                                    
Interest received                                                                                 0.4            0.5
Interest paid                                                                                   (0.8)          (2.1)
Tax paid                                                                                            -          (0.4)
                                                                                                (1.1)            8.2
Net cash (used by) / generated from operating activities
                                                                                                                    
Cash flows from investing activities
Dividends received from joint venture companies                                                   0.3            0.4
Proceeds from sales of property, plant and equipment - continuing                                 0.2            0.6
Proceeds from sales of property, plant and equipment - discontinued                                 -            3.8
Purchase of property, plant and equipment - continuing                                          (2.4)          (1.1)
Purchase of property, plant and equipment - discontinued                                            -          (0.2)
Net proceeds from sale of subsidiaries                                                              -            3.4
Net proceeds from sale of investments                                                             2.0              -
                                                                                                   0.1            6.9
Net cash received from investing activities
                                                                                                                    
Cash flows from financing activities
Net proceeds from issue of Ordinary share capital                                                   -           12.2
Repayment of borrowings                                                                         (1.3)         (28.0)
Finance lease principal payments                                                                (0.2)              -
Net cash used in financing activities                                                           (1.5)         (15.8)
Effects of exchange rate changes on cash and bank overdrafts                                      0.8            0.2
Net decrease in cash and cash equivalents                                                       (1.7)          (0.5)
Cash and cash equivalents at the beginning of the financial year                   8              7.6            8.1
                                                                                   8              5.9            7.6
Cash and cash equivalents at the end of the financial year


Notes to the Unaudited final results for the year ended 31 December 2008

1 Basis of Preparation

Basis of Accounting
The financial information included in these final results has been prepared in accordance with the
Group's accounting policies which are disclosed in the 2007 Annual Report and Accounts.  A copy of the
2007 Annual Report and Accounts has been sent to all shareholders. Further copies may be obtained from
the Company Secretary, Autologic Holdings plc, Autologic House, 5 Grange Park Court, Roman Way,
Northampton NN4 5EA.

Whilst the financial information included in these final results has been prepared in accordance with
International Financial Reporting Standards ('IFRS'), this announcement does not itself contain
sufficient information to comply with all the disclosure requirements of IFRS. The Company expects to
approve the IFRS Financial Statements shortly.  Once approved, these Financial Statements will be
posted to shareholders and a copy will be made available on the Company's website,
www.autologic.co.uk.  Free copies may also be obtained from the Company Secretary, Autologic Holdings
plc, Autologic House, 5 Grange Park Court, Roman Way, Northampton NN4 5EA.

These  final  results are unaudited.  The financial information does not amount to the full  statutory
accounts  within the meaning of the Companies Act 1985. The comparative figures for the year ended  31
December 2007 have been restated as explained below, and were initially extracted from the 2007 Annual
Report  and Accounts which has been filed with the Registrar of Companies and contained an unqualified
report from the auditors.

Prior Year Restatement
During 2008, the financial and management reporting of the Group underwent a review which resulted in
the reclassification of certain costs from administrative expenses to cost of sales.  The results for
the year ended 31 December 2007 have been restated in line with this reclassification, which has
resulted in the transfer of £0.6 million from administrative expenses to cost of sales.  There is no
net impact on the results for the year.  In addition, the Consolidated Balance Sheet has been restated
to reclassify provisions of £7.3 million from non-current liabilities to current liabilities.

2. Segmental Reporting
                                                          Benelux       Czech          UK        Un-     Total
                                                                     Republic              allocated
                                                              £'m         £'m         £'m        £'m       £'m
Year ended 31 December 2008                                                                                   
                                                                                                              
Continuing operations                                                                                  
Total gross segment revenue                                  25.7         2.3       146.0          -     174.0
Less inter-segment revenue                                  (2.6)       (0.1)       (0.2)          -     (2.9)
Revenue                                                      23.1         2.2       145.8          -     171.1
                                                                                                              
Continuing operations                                                                                         
Operating profit / (loss) before exceptional                  1.0         0.1         1.6      (2.2)       0.5
items
Exceptional items                                           (0.1)           -       (9.5)      (2.6)    (12.2)
Operating profit / (loss)                                     0.9         0.1       (7.9)      (4.8)    (11.7)
Net finance costs                                                                                        (0.3)
Post-tax share of profits from                                0.4           -           -          -       0.4
   interest in joint ventures
Loss before taxation                                                                                    (11.6)
Taxation                                                                                                   3.1
Loss for the year from continuing operations                                                             (8.5)

                                                          Benelux       Czech          UK        Un-     Total
                                                                     Republic              allocated
                                                              £'m         £'m         £'m        £'m       £'m
Year ended 31 December 2007 (restated)                                                                        
                                                                                                              
Continuing operations                                                                                  
Total gross segment revenue                                  20.5         0.3       163.6          -     184.4
Less inter-segment revenue                                  (2.2)       (0.1)       (1.4)          -     (3.7)
Revenue                                                      18.3         0.2       162.2          -     180.7
                                                                                                              
Continuing operations                                                                                         
Operating profit / (loss) before exceptional                  0.9         0.1         7.6      (3.1)       5.5
items
Exceptional items                                           (1.1)           -       (2.5)      (2.7)     (6.3)
Operating (loss) / profit                                   (0.2)         0.1         5.1      (5.8)     (0.8)
Net finance costs                                                                                        (1.4)
Post-tax share of profits from                                0.5           -           -          -       0.5
   interest in joint ventures
Loss before taxation                                                                                     (1.7)
Taxation                                                                                                 (0.3)
Loss for the year from continuing operations                                                             (2.0)



                                                      Year ended                      Year ended
                                                   31 December 2008                31 December 2007
                                                         UK     Total          Spain         UK      Total
                                                        £'m       £'m            £'m        £'m        £'m
                                                                                                          
Discontinued operations                                                                                   
Revenue                                                   -         -            8.8       46.6       55.4
Cost of sales                                             -         -          (8.3)     (28.3)     (36.6)
                                                          -         -            0.5       18.3       18.8
Gross profit
Administrative expenses                                   -         -          (0.8)     (14.0)     (14.8)
                                                          -         -          (0.3)        4.3        4.0
Operating (loss) / profit before exceptional
items
                                                                                                          
Exceptional items:                                                                                        
  - impairment of goodwill relating to Ford               -         -              -     (13.8)     (13.8)
contract
  - closure costs relating to loss of Ford             10.6      10.6              -     (11.3)     (11.3)
contract
  - closure costs relating to CarsCarsCars business       -         -              -      (0.4)      (0.4)
unit
  - profit on disposal of Walon Iberia SL                 -         -            0.6          -        0.6
Profit / (loss) before taxation                        10.6      10.6            0.3     (21.2)     (20.9)
Taxation                                                        (2.0)                                  0.3
Profit / (loss) for the year from discontinued                    8.6                               (20.6)
operations

In September 2007, the Group announced that Ford had made a decision to in-source its vehicle
distribution activities previously supplied by Ansa and Autocar, subsidiaries of Autologic. The
Group's Management agreed transitional arrangements with Ford on 3 November 2007, and since this date
has worked positively with Ford management to effect an orderly transfer and transition of the
business for the benefit of the employees, Ford and the Group.  The loss of the Ford contract in 2007
resulted in the full impairment of goodwill of £13.8 million relating to these activities and
provision for closure costs of £11.3 million.

The transitional arrangements agreed with Ford in 2007 provided for the short-term rental of
transporters to Ford.  This resulted in a provision for closure costs of £5.0 million in 2007,
representing the lease commitments for the period beyond the rentals to Ford.  Ford continued to lease
these transporters throughout 2008, and in December 2008 the Group reached a further agreement with
Ford for the novation of all remaining long-term transporter leases. The original provision for
transporter lease costs has therefore been released in 2008 which, together with the additional profit
from transporters leased to Ford beyond the original agreed lease periods, has resulted in a profit of
£5.5 million.

The Group has also completed the novation to Ford of the property lease at Southampton.  During 2008,
certain transitional arrangements with Ford, such as the provision of IT services, extended beyond the
time periods set out in the transitional arrangements, which resulted in more income than anticipated
in 2008. This additional income, together with the novation of the Southampton lease and the
resolution of other provisions that existed upon the cessation of the trade of Ansa and Autocar has
resulted in a further release of provisions and recognition of income of £5.1 million during the year.

In December 2007, the CarsCarsCars business unit was closed, incurring closure costs of £0.4 million.
In July 2007, the Group's Spanish subsidiary, Walon Iberia SL, was sold for a profit of £0.6 million,
after charging redundancy costs of £1.8 million and goodwill impairment of £0.9 million.

3. Exceptional Items - Continuing Operations

                                                                            Year ended      Year ended 31
                                                                           31 December      December 2007
                                                                                  2008
                                                                                   £'m                £'m
Included in cost of sales                                                                                
Costs associated with downsizing driver numbers and the transporter fleet          6.4                  -
Leased transporter return costs                                                    0.5                  -
Restructuring costs                                                                0.5                  -
Provision for loss-making contracts                                                1.5                  -
                                                                                   8.9                  -
Included in administrative expenses                                                                      
Restructuring costs                                                                1.3                2.9
Provision for loss-making contracts                                                0.4                0.6
Loss on disposal of shareholding in Edmunds Holdings Company Inc.                  3.1                  -
Foreign exchange gains on Euro denominated receivables                           (1.5)                  -
Dilapidation and property costs                                                      -                2.6
Other                                                                                -                0.2
                                                                                   3.3                6.3
                                                                                                         
Total exceptional items before tax                                                12.2                6.3
Taxation                                                                         (3.1)              (1.3)
Total exceptional items after tax                                                  9.1                5.0
  
The costs associated with downsizing driver numbers and the transporter fleet represent the cost of
the actions taken to reduce the size of the transporter fleet to appropriate levels, in response to
the economic downturn and expected levels of new car registrations and production in 2009.  The cost
of redundancies was £2.9 million and the cost of provisions for onerous transporter leases and other
costs relating to stood-down transporters was £3.5 million. Leased transporter return costs of £0.5
million represent contractual commitments which have been, or are expected to be, incurred because of
the downturn in the market.

The restructuring costs in cost of sales and administrative expenses include charges of £0.5 million
in respect of senior management changes and £1.3 million in respect of other structural changes
implemented during the year, which included the centralisation of the management of the UK
distribution operations into the Group's Northampton office, other strategic changes in the UK and
Benelux, and the closure of the business unit in Lithuania.  Restructuring costs in 2007 included
charges of £2.3 million incurred late in 2007 in respect of senior management changes and £0.6 million
of further employee costs.

The provision for loss-making contracts includes £1.2 million of further closure costs relating to the
depot that was dedicated to the First Fleet business unit, as well as certain other UK technical
services contracts.  In 2007, a cost of £0.6 million was provided in respect of this site to recognise
the onerous property lease costs, but since then it has become apparent that the reduction in trading
at the site will be more severe than expected, particularly in light of the current economic
situation. Property lease commitments at the site expire in June 2009, at which point it is
anticipated the facility will be closed. There were further costs of £0.3 million in respect of the
partial closure of an under-performing technical services depot and, included in administrative costs,
£0.4 million in respect of long-term IT equipment contracts that have fixed levels of supply of
equipment and services, which are in excess of the Group's current and foreseeable requirements.

In July 2008, the Group completed the sale of its minority shareholding in Edmunds Holdings Company
Inc. generating net cash proceeds of £2.0 million but resulting in a loss on disposal of £3.1 million.

The foreign exchange gains on Euro denominated receivables relate to exchange movements on non-trading
items.

In 2007, the dilapidation and property costs included £1.3 million of exit costs relating to the
Oosterhout site in Holland, which has now been incurred in moving out of the site, and £1.3 million of
estimated costs relating to accrued dilapidations on leasehold sites in the UK.

The exceptional tax credit of £3.1 million includes £2.5 million in respect of the exceptional costs
explained above and £0.6 million in respect of the changes in the UK tax treatment of Industrial
Buildings Allowances and other exceptional prior year tax adjustments.  The deferred tax asset arising
on the capital loss on the disposal of Edmunds Holdings Company Inc. has not been recognised.

4. Taxation

The  tax  charge  for  continuing activities gives an effective tax rate of 27%  for  the  year  ended
31  December 2008.  In 2007, the total continuing tax charge of £0.3 million on losses before  tax  of
£1.7 million is because of disallowable expenses within exceptional items.

5. Earnings / (Loss) Per Share

                                                 Year ended 31 December 2008          Year ended 31 December 2007

                                                                               Per                                Per
                                                                             share                              share
                                                  Earnings     Shares       amount      Earnings      Shares   amount
                                                       £'m   (million)     (pence)           £'m   (million)  (pence)
                                                                                                       
                                                                                                          
Basic and diluted earnings / (loss) per                0.1        62.2         0.1        (22.6)       59.2    (38.2)
share
                                                                                                          
Basic and diluted loss per share from                (8.5)        62.2      (13.7)         (2.0)       59.2     (3.4)
continuing operations
                                                                                                                  
Basic and diluted earnings / (loss) per share          8.6        62.2        13.8        (20.6)       59.2    (34.8)
from discontinued operations
                                                                                                          
Business performance earnings per share                                                                      
Basic and diluted earnings / (loss) per                0.1        62.2         0.1        (22.6)       59.2    (38.2)
share
Business performance adjustments:                                                                                 
  - discontinued operations, as above                (8.6)                  (13.8)          20.6                 34.8
  - exceptional items before tax                      12.2                    19.6           6.3                 10.6
  - tax on exceptional items                         (3.1)                   (5.0)         (1.3)                (2.2)
Basic and diluted business performance earnings        0.6        62.2         0.9           3.0       59.2       5.0
per share

Basic earnings per share is calculated by dividing the earnings attributable to Ordinary shares by the
weighted average number of Ordinary shares outstanding during the year. Diluted earnings per share is
not presented separately for the years ended 31 December 2008 or 2007 because the dilutive effect is
to reduce the continuing losses per share in each year.

Business performance earnings per share is calculated by reference to continuing earnings before
exceptional items since the Directors consider that this measure provides a useful indication of
underlying performance.

Earnings per share were calculated on 62.1 million shares being in issue at 31 December 2008
(2007 : 61.5 million), which were increased by a further 0.1 million shares (2007 : 0.8 million) in
respect of share option awards no longer contingent upon any performance criteria.

6. Dividends

No interim dividend was paid during either the year ended 31 December 2008 or 2007. No final dividend
was recommended in respect of the year ended 31 December 2007 and the Directors will not be
recommending a dividend to Shareholders at the AGM for the year ended 31 December 2008.

7. Statement of Changes in Equity

                                                                                            Total
                                       Share                            Trans-             Share-              
                              Share  premium  Special  Merger Capital   lation  Retained holders' Minority  Total
                            capital  account  reserve reserve reserve  reserve  earnings   equity interest equity
                                £'m      £'m      £'m     £'m     £'m      £'m       £'m      £'m      £'m    £'m
At  1 January 2008              3.1     78.7        -     8.4     0.3    (0.8)    (66.1)     23.6      0.4   24.0
Exchange movement                 -        -        -       -       -      1.6         -      1.6        -    1.6
Actuarial gains on retirement     -        -        -       -       -        -       0.3      0.3        -    0.3
benefit schemes, net of tax
Profit for the year               -        -        -       -       -        -       0.1      0.1        -    0.1
Total recognised income for       -        -        -       -       -      1.6       0.4      2.0        -    2.0
the year
Capital reduction              (3.0)  (78.7)      6.6       -       -        -      75.1        -        -      -
Share-based payments               -       -        -       -       -        -       0.2      0.2        -    0.2
adjustmen
At  31 December 2008            0.1        -      6.6     8.4     0.3      0.8       9.6     25.8      0.4   26.2

The Special reserve was created upon completion of the Capital reduction.

8. Analysis of Net Debt
                                                                                        2008              2007

                                                                                         £'m               £'m
                                                                                                              
Cash and cash equivalents                                                                5.9               7.6
                                                                                                              
Current financial liabilities:                                                                                
Bank loans repayable within 1 year                                                     (1.0)             (1.0)
Issue costs relating to bank loans repayable within 1 year                               0.2               0.1
Finance lease repayable within 1 year                                                  (0.3)             (0.3)
                                                                                       (1.1)             (1.2)
Non-current financial liabilities:                                                                            
Bank loans repayable in more than 1 year                                               (6.4)             (7.6)
Issue costs relating to bank loans repayable in more than 1                                -               0.2
year
Finance lease repayable in more than 1 year                                            (2.4)             (2.3)
                                                                                       (8.8)             (9.7)
                                                                                                              
Net debt                                                                               (4.0)             (3.3)
9. Reconciliation of Net (Loss)/Profit to Net Cash Inflow Before Exceptional Items from Operating
Activities

                                                                                            2008           2007
                                                                                             £'m            £'m
Continuing operations                                                                                          
Net loss                                                                                   (8.5)          (2.0)
Adjustments for:                                                                                               
Taxation                                                                                   (3.1)            0.3
Depreciation and amortisation                                                                1.8            1.8
Loss on disposal of property, plant and equipment                                            0.2              -
Net finance costs                                                                            0.3            1.4
Share of profits of joint ventures after taxation                                          (0.4)          (0.5)
Share-based payments, before exceptional items                                               0.2            0.5
Exceptional items                                                                           12.2            6.3
Changes in working capital:                                                                                    
Decrease / (increase) in inventories                                                         0.2          (0.1)
Decrease / (increase) in trade and other receivables                                         6.8          (0.6)
Decrease in payables and provisions for liabilities and charges                            (3.4)          (1.0)
                                                                                             6.3            6.1
Cash generated from continuing operations before exceptional items
                                                                                                               
Discontinued operations
Net profit / (loss)                                                                          8.6         (20.6)
Adjustments for:                                                                                               
Taxation                                                                                     2.0          (0.3)
Depreciation and amortisation                                                                0.1            0.7
Exceptional items and other operating income:                                                                  
 - impairment of goodwill relating to Ford contract                                            -           13.8
 - (reversal) / creation of provision for closure costs relating to loss of                (10.6)          11.3
Ford contract
 - closure costs relating to CarsCarsCars business unit                                        -            0.4
 - profit on disposal of subsidiaries                                                          -          (0.6)
                                                                                                               
Changes in working capital:                                                                                    
Decrease in trade and other receivables                                                      2.5           11.6
Decrease in payables and provisions for liabilities and charges                            (2.6)          (7.8)
                                                                                               -            8.5
Cash generated from discontinued operations before exceptional items

Contact Information

  • AutoLogic Holdings Plc