26th Jul 2005 11:00
Scapa Group PLC26 July 2005 26 July 2005 SCAPA GROUP AGM Trading Statement We reported in June in our preliminary results statement that we had made a poorstart to the new financial year. However, as our first quarter has progressedwe have seen an improvement in margins as selling price increases came intoeffect. This is in line with the internal forecast for the year, made in May2005, which showed continuing compliance with our banking covenants. We have made significant reductions in central management overheads which willreduce costs by £1.2m in a full year. This will give rise to an exceptionalcharge of ca. £1.4m in the half year accounts. Finally the Board is evaluating a number of other options to improve thefinancial performance of the Group and will update shareholders at our interimresults announcement in November. For further information, please contact: Financial DynamicsDeborah Scott Tel: 020 7831 3113 A full copy of this announcement can be found at www.scapa.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SCPA.L