SVE Starvest Plc

RNS Number:7360A
Save Group PLC
12 November 1999


Save Group PLC ("the Company")

The Company has noted the fall in the Company's share price over recent days. 
The Board is not aware of any reason for this weakness.

In the interim statement of results for the 26 weeks ended 24 June 1999,
attention was drawn to the substantial changes in the ownership structure of
the major oil companies and the consequential impacts on the market.

In general, the Group is continuing to achieve volumes slightly behind those
of 1998 but still expected to be significantly ahead of 1997 with margins
affected both by substantially higher crude prices and the effect of the
changes in structure currently taking place.

At this stage, in view of the structural changes mentioned above, the Board
anticipate that in the second half of 1999 the Group will earn profits similar
to those earned in the first half.

The Board continues to believe that the outlook for the UK petroleum retailing
industry is brighter than the present and that Save is better placed than
anyone to take advantage of the upturn that will come from the present
restructuring.

Enquiries:

James Frost        Save Group PLC                    Tel:  01296 436661
              
Tim Anderson       Buchanan Communications Ltd       Tel: 0171 466 5000

12 November 1999

END
MSCCCBCBDDDDODD

Starvest (LSE:SVE)
Historical Stock Chart
From Jun 2024 to Jul 2024

Starvest (LSE:SVE)
Historical Stock Chart
From Jul 2023 to Jul 2024