2nd Jul 2007 07:01
Davis Service Group PLC02 July 2007 FOR IMMEDIATE RELEASE 2 July 2007 THE DAVIS SERVICE GROUP PLC Trading Update Statement The Board of The Davis Service Group Plc (''the Group'') announces the followingperiod-end update on trading for the six months to 30 June 2007. The Group'sinterim results for the period ended 30 June 2007 are expected to be announcedon Friday 31 August 2007. Our Continental European business continues to see good revenue growth with animproved trading performance and organic growth accelerating. Permaclean, our2007 acquisition in the German workwear market, is ahead of where we expected itto be at this stage. In the UK we are also seeing good revenue growth but with the full benefit ofthe improved situation in the linen market expected in the second half. We havecommenced the integration of the recently acquired clinical solutions anddecontamination businesses. We have continued to invest to support our growth in the first half with theopening of new plants in Poland and Norway, increased textiles purchases for newcontracts and have brought forward capacity investments in the UK to accommodatethe increased volumes from newly acquired contracts which are expected to peakin the summer months. Overall, we have had a good start to the year and expect growth to accelerate inthe second half. We remain confident of our prospects for 2007 and also thelonger-term opportunities for the Group. For further information contact: Davis Service Group Financial Dynamics Roger Dye, Chief Executive Richard Mountain Kevin Quinn, Finance Director Harriet Keen Telephone 020 7259 6663 Telephone 020 7269 7121 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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