23rd Apr 2007 11:00
Davis Service Group PLC23 April 2007 FOR IMMEDIATE RELEASE 23rd April 2007 THE DAVIS SERVICE GROUP Plc AGM Statement The following statement will be read out at today's AGM by Christopher Kemball,Chairman: "Our first quarter results showed the benefits of the growth momentum in ourmarkets in Continental Europe and the acquisitions we have made. Theintegration of the Permaclean acquisition is proceeding as planned and we remainconfident that this will provide the platform for profitable market share growthin Germany. We expect to confirm the management succession for our ContinentalEuropean business shortly. "Trading in our UK linen business is responding positively to an improvement inmarket conditions, following the receivership of Brooks. This year will be oneof transition, as the higher volumes, both from hotel and workwear customers,are profitably serviced from our plant network; thereafter there may be thepotential for further improvements given a more favourable market background.Our healthcare and workwear businesses are performing well against the balanceof challenge and opportunity in their respective markets that we have previouslyidentified. "Overall, we have started the year well and expect growth to accelerate in thesecond half. We believe we are on track to deliver a satisfactory outcome for2007, with the longer term prospects for the group showing some improvement onour previous expectations." For further information contact: Davis Service Group Financial DynamicsRoger Dye, Chief Executive Richard Mountain/Harriet KeenKevin Quinn, Finance Director Telephone 020 7269 7121Telephone 020 7259 6663 Note: Statements made in this announcement that look forward in time or that expressmanagement's beliefs, expectations or estimates regarding future occurrences are"forward-looking statements" within the meaning of the United States federalsecurities laws. These forward-looking statements reflect the group's currentexpectations concerning future events and actual results may differ materiallyfrom current expectations or historical results. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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