25 January 2017
HAVELOCK EUROPA PLC
("Havelock" or the "Company")
In advance of its EGM at 11am today at Havelock House, John Smith Business Park, Grantsmuir Road, Kirkcaldy, KY2 6NA, Havelock Europa (HVE.L), the international interior solutions provider, announces a trading update in respect of the year ended 31 December 2016.
The actions taken in late 2015 to "rightsize" and simplify the business have delivered significant benefits for the business and enabled its continued recovery during 2016. As a result of these actions, the Board expects the trading results for the year ended 31 December 2016 to be in line with market expectations.
The Board expects to announce the Company's Preliminary Results for the financial year ended 31 December 2016 on Thursday 27 April 2017.
David Ritchie, Chief Executive, said: "The benefits that have accrued from the measures taken in late 2015 are clear throughout the Company and have enabled the business to trade in line with market expectations, despite the increasingly challenging retail sector.
In addition, we are encouraged by our current engagement with customers as we continue with our strategy of developing relationships with customers that value our wide range of services and, notwithstanding the challenging retail environment, the current order book for 2017 currently stands at £21m."
Havelock Europa PLC - 01592 643883
David Ritchie, Chief Executive
Ciaran Kennedy, Finance Director
WH Ireland Group plc (Nomad) - 0207 220 1650
Charlotte Street Partners - 0131 516 5310
This information is provided by RNS