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
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