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Pre-close trading update

25th Jun 2010 07:00

RNS Number : 2200O
Davis Service Group PLC
25 June 2010
 



 

 

25 June 2010

 

 

THE DAVIS SERVICE GROUP PLC

 

Pre-close trading update

 

 

The Board of The Davis Service Group Plc (''the group'') issues the following statement before entering its pre-close period and prior to its interim announcement, which will be issued on 27 August 2010.

 

The trading conditions set out in our Interim Management Statement dated 30 April 2010 remain unchanged. The group continues to trade in line with expectations, delivering higher margins on revenues which are broadly flat, strong free cash flow and maintaining a robust balance sheet. The group remains well placed to benefit further once growth returns to its markets.

 

For further information contact:

 

The Davis Service Group

Peter Ventress, Chief Executive

Kevin Quinn, Finance Director

Telephone 020 7259 6663

 

Financial Dynamics

Richard Mountain

Telephone 020 7269 7186

 

 

 

 

Notes:

1. Davis Service Group is a focused European textile maintenance business with leading positions in most of the countries in which it operates. As a focused business we are able to mobilise our resources to drive our strategies in our core area of expertise.

2. Sourced from management accounts; operating profit before exceptional items and amortisation of customer contracts and intellectual property rights.

3. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.

 

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