Pre-close trading update
June 25 2010 - 2:00AM
UK Regulatory
TIDMDVSG
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 GroupPeter Ventress, | Financial |
| Chief Executive | DynamicsRichard Mountain |
| Kevin Quinn, Finance Director | Telephone 020 7269 7186 |
| Telephone 020 7259 6663 | |
| | |
+--------------------------------------------+--------------------------+
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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