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Interim Management Statement

8th Jun 2010 07:00

RNS Number : 1960N
WH Smith PLC
08 June 2010
 



 

WH SMITH PLC

 

Interim Management Statement

 

8 June 2010

 

 

WH Smith PLC is today publishing its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency rules, relating to the 14 week period from 28 February 2010 to 5 June 2010

 

CURRENT TRADING

 

Total Group sales in the first 14 weeks of the second half of the financial year were down 3% with like-for-like sales down 4% compared to the same period last year.

 

WHSmith High Street like-for-like sales were down 4% in the period.

 

WHSmith Travel like for like sales were down 4% in the period (down 2% like-for-like excluding the impact of the volcanic ash disruption). Whilst airport passenger numbers have, as expected, remained soft, we continue to outperform.

 

FINANCIAL POSITION

 

We confirm that our financial position is in line with market expectations and our balance sheet remains strong. We continue to generate high levels of cash from our operations.

 

PROSPECTS

 

The economic environment remains uncertain and whilst we continue to be cautious about consumer spending, we remain confident in the outcome for the full year.

 

 

- ENDS -

 

 

 

Enquiries:

 

WH Smith PLC

Mark Boyle Investor Relations 020 7851 8820

Sarah Heath Media Relations 020 7851 8850

 

Brunswick

Tom Buchanan 020 7404 5959

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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