TIDMLTS 
 
RNS Number : 6530C 
Litho Supplies PLC 
18 November 2009 
 

 
 
Litho Supplies Plc ("Litho Supplies" or the "Company") 
 
 
Interim Management Statement 
 
 
18th November 2009 
 
 
As previously highlighted, the printing industry is a challenging environment in 
which to operate and this has been compounded by the uncertainty that remains in 
the economy and financial markets in general. 
 
 
Lack of available funding continues to be a factor and capital equipment sales 
are still suppressed. In some cases orders have been secured and subsequently 
cancelled when customers have been unable to obtain finance. We have however 
seen an upturn in this area in the last quarter which, in the current climate, 
is an encouraging sign. 
 
 
As a result of the economic downturn and the subsequent drop in activity we 
anticipate that turnover in the second half of the year will be slightly lower 
than the first half. However with the reduced level of overhead and with careful 
management of bad debts and working capital the Company expects the overall 
performance in the second half of the year to be significantly improved. 
 
 
The Board has continued to respond to the challenges faced and further 
reorganisation has been undertaken to reduce operating costs and increase 
efficiencies. This in turn has left the business with a much reduced cost base 
moving into 2010. 
 
 
The Company continues to be rigorous in its control processes and tight 
procedures are in place to manage cash collection and stock levels to assist in 
the critical area of working capital management. 
 
 
The Board remains committed to developing the IT infrastructure of the business. 
Additional resources have been allocated to continue the development of the 
computer system and further improve the service we provide to our customers 
through online ordering. 
 
 
The Mitsubishi partnership agreement, announced in August, has been well 
received with good performance to date and we anticipate a positive impact on 
the bottom line during 2009. Actions to develop this area of the business 
continue with the IPEX exhibition, at the NEC in April 2010, giving a further 
opportunity to market this and the remainder of our product offering to a wider 
customer base. 
 
 
The Board remains committed to steering the Company through these difficult 
times and is extremely grateful to our suppliers, our customers, our finance 
providers and our shareholders for their support. 
 
 
Contacts: 
 
 
Michael Hammond, Chief Executive                   Tel: 01332 873921 
Lindsay Mair, Astaire Securities    Tel: 0207 448 4437 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSBUBDBLDBGGCR
Litho Supplies (LSE:LTS)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Litho Supplies Charts.
Litho Supplies (LSE:LTS)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Litho Supplies Charts.