9th Aug 2005 06:00
St Ives plc Trading Statement - 9 August 2005 The Board of St Ives plc is today issuing the following pre-close period updateon trading for the financial year ended 29 July 2005.Trading overall in the second half of the financial year has been in line withindications given in the Interim Statement for the first half year on 12 April.Our book business has been busy; demand for point-of-sale products and servicesremained steady; the market for Company Annual Reports was competitive,although paginations grew as a result of increased disclosure requirements; inour other markets over-capacity and fiercely competitive pricing were unabated.As foreshadowed in the Interim Statement, we closed our factory at Caerphillyat the end of June and have successfully transferred the work previouslyundertaken there to our other factories. During the period we also transferredour point-of-sale business at Crayford to SP Group (acquired in September 2004)in Redditch.Capital investment in the second half of the year included the commissioning oftwo 64 page presses at our factories at Roche and Peterborough and theacquisition and fitting out of a purpose-built freehold property in Redditch toenable the further growth of SP Group and of our fulfilment and logisticoperations.The Company will announce its preliminary results for the year on 11 October2005.Enquiries:-St Ives plc: 020 7928 8844Miles Emley (Chairman)Brian Edwards (Managing Director)Ray Morley (Finance Director)ENDST IVES PLCRelated Shares:
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