JCR Just Car Clinic

 

TIDMJCR 
 
RNS Number : 5825S 
Just Car Clinics Group PLC 
20 May 2009 
 

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| FOR IMMEDIATE RELEASE                   |                    20 May 2009 | 
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Just Car Clinics Group plc 
Annual General Meeting 
 
 
The Board of Just Car Clinics Group plc announces that, at the Annual General 
Meeting held earlier today, all of the resolutions, set out in the notice 
convening the meeting dated 6 April 2009, were duly passed. 
During the meeting, David Hickey, the Chairman, made the following statement: 
"The accident repair market is insulated, to some extent, from the wider 
economic climate, with much of the expenditure being necessary to maintain 
vehicles road worthiness and funded by compulsory vehicle insurance. However, 
reduced road usage results in fewer collisions and a significant proportion of 
the overall market is discretionary or dependant on excess payments by the 
customers. Conditions during 2009 have been challenging with underlying market 
repair volumes being adversely affected by the economic recession.  As a 
consequence of this, Just Car Clinics has seen a small decrease in like for like 
turnover of approximately 4% during the first four months of 2009 when compared 
to the equivalent period in 2008, this has been particularly evident in less 
mature locations. In order to minimise the impact of the difficult market, the 
Group has sought new business, particularly with fleet and local businesses, and 
has also reduced costs at locations where conditions make this necessary. 
The Group has a strong balance sheet and mature management structure and the 
Board believe that Just Car Clinics is well placed to respond to the challenges 
of the market." 
 
 
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| For further information, please    |                                    | 
| contact:                           |                                    | 
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|                                    |                                    | 
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| Just Car Clinics:                  |                                    | 
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| Barry Whittles, Chief Executive    | 07850 268369                       | 
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| Chris Elton, Finance Director      | 07702 598344                       | 
|                                    |                                    | 
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| Buchanan Communications:           |                                    | 
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| Tim Thompson                       | 020 7466 5000                      | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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