Trading Statement
October 05 2009 - 2:00AM
UK Regulatory
TIDMSNCL
RNS Number : 1854A
Sinclair (William) Holdings PLC
05 October 2009
WILLIAM SINCLAIR HOLDINGS PLC
Trading update and date confirmation for preliminary results
William Sinclair Holdings Plc (William Sinclair, the Company) is one of the
UK's leading producers of commercial horticulture and branded garden products.
William Sinclair's well established brands include J Arthur Bower's, Silvaperl
and New Horizon - the leading brand in the fast growing peat free garden compost
and organic plant foods sector.
William Sinclair's customers include national accounts such as The Garden Centre
Group (formerly Wyevale), Wilkinson, Tesco, Homebase and B&Q as well as an
extensive range of independent garden centres.
William Sinclair is pleased to provide the following trading update ahead of its
full year results which will be announced on 5th January 2010.
Chief Executive Bernard Burns said: "Trading for the 12 months to the 30th
September 2009 was in line with our expectations with relatively strong consumer
demand being slightly tempered by retailer stock reductions.
"Due to the wet conditions throughout the north of England and Scotland during
July and August the peat harvest was lower than expected but considerably better
than in 2008. The company therefore expects to be able to meet customer
requirements from its own resources without the need to purchase peat or
substitute materials from third parties during the coming year.
"Discussions remain ongoing with Natural England over Bolton Fell compensation
and we hope to be able to provide a further update along with our year end
results in January 2010."
Ends
For further information:
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| William Sinclair Holdings Plc | Tel: 01522 537561 |
+------------------------------------+------------------------------------+
| Bernard Burns, Chief Executive | |
+------------------------------------+------------------------------------+
| Peter Williams, Finance Director | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Arbuthnot Securities | Tel: 020 7012 2000 |
+------------------------------------+------------------------------------+
| Alastair Moreton | |
+------------------------------------+------------------------------------+
| Alasdair Younie | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Madano Partnership | Tel: 020 7593 4000 |
+------------------------------------+------------------------------------+
| Matthew Moth | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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