Trading Update
June 04 2010 - 2:00AM
UK Regulatory
TIDMLWB
RNS Number : 0489N
Low & Bonar PLC
04 June 2010
EMBARGOED UNTIL 4 June 2010
Low & Bonar PLC
Trading Update
Low & Bonar PLC ("the Group"), the international performance materials group,
today publishes a trading update for the half year to 31 May 2010.
The improvement in sales referred to in the Interim Management Statement on 8
April has been maintained consistently throughout the second quarter. Like for
like sales in this quarter were ahead of last year in all segments, with
particularly strong performances in the transport, leisure and carpet
manufacturing markets.
As a result, at current exchange rates, the Group anticipates that the full year
trading performance will be ahead of its previous expectations.
We expect to announce the Group results for the half year to 31 May 2010 on 13
July 2010.
- ends -
For further information please contact:
+-------------------------------+-+----------------+
| Low & Bonar PLC | | +44 (0)20 7535 |
| | | 3180 |
+-------------------------------+-+----------------+
| Steve Good, Chief Executive | | |
+-------------------------------+-+----------------+
| Kevin Higginson, Group | | |
| Finance Director | | |
+-------------------------------+-+----------------+
| | | |
+-------------------------------+-+----------------+
| | | |
+-------------------------------+-+----------------+
| Hogarth | | +44 (0)20 7357 |
| | | 9477 |
+-------------------------------+-+----------------+
| Andrew Jaques / Rachel Hirst | | |
| / Ian Payne | | |
+-------------------------------+-+----------------+
Forward looking statements
This announcement includes statements that are, or may be deemed to be, "forward
looking statements". These forward looking statements can be identified by the
use of forward looking terminology, including, but not limited to, the terms
"believes", "estimates", "anticipates", "expects", "may", "will", "would",
"could" or "should" or, in each case, their negative or other variations or
comparable terminology. These forward looking statements include matters that
are not historical facts.
By their nature, forward looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may or may not
occur in the future. Forward looking statements are not guarantees of future
performance. The Group's actual results of operations, financial condition and
liquidity may differ materially from the impression created by the forward
looking statements contained in this announcement. In addition, even if the
results of operations, financial condition, and liquidity are consistent with
the forward looking statements contained in this announcement, those results or
developments may not be indicative of results or developments in subsequent
periods. Important factors that could cause these differences include, but are
not limited to: changes in the competitive framework in which the Group operates
and its ability to retain market share; the Group's ability to generate growth
or profitable growth; the Group's ability to generate sufficient cash to service
its debt; the Group's ability to control its capital expenditure and other
costs; significant changes in exchange rates, interest rates and tax rates;
significant technological and market changes; future business combinations or
dispositions; and general local and global economic, political, business, and
market conditions. In light of these risks, uncertainties and assumptions, the
events described in the forward-looking statements in this announcement may not
occur.
Other than in accordance with their legal or regulatory obligations, the Group
does not undertake any obligation to update or revise publicly any forward
looking statement, whether as a result of new information, future events or
otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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