20th Apr 2005 13:07
Low & Bonar PLC20 April 2005 20 April 2005 Low & Bonar PLC - AGM Statement The Chairman of Low & Bonar PLC, Duncan Clegg, will make the following statementat today's Annual General Meeting: "I am pleased to report that overall trading remains in line with ourexpectations. As highlighted at the time of our preliminary results, the firsthalf will be adversely impacted by three foreseen factors: the temporary loss ofproduction capacity arising from the upgrade of our non-woven geotextilefactory; the costs of the new product range launches in Bonar Floors; and, mostsignificantly, the continuation of high raw material input prices. Notwithstanding these factors and the subdued market conditions, our businessescontinue to become increasingly robust and we look forward to another year ofall-round progress driven by increased organic growth, the full benefit ofselling price increases and further productivity enhancements. We are alsocontinuing actively to pursue value-enhancing acquisitions." Enquiries: Duncan Clegg, ChairmanPaul Forman, Group Chief ExecutiveLow & Bonar PLC Tel: 020 7298 6820 David TrenchardPeter HewerTulchan Communications Tel: 020 7353 4200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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