Smiths News delivers 'solid' H1 trading performance

(Sharecast News) - Newspaper and magazine distributor Smiths News said on Friday that it had delivered "a solid trading performance" across H125 and that it remains on track to deliver FY results in line with market expectations.

Smiths News also noted that it had officially secured long-term contracts covering 91% of its newspaper and magazine revenues through to at least 2029, providing "a solid foundation" to support its medium-term growth ambitions.

The London-listed group added that it had continued to maximise its "market-leading early-morning, end-to-end supply chain capabilities", and will provide a full update to shareholders at the time of its H1 results in May.

As of 0910 GMT, Smiths shares were down 0.075% at 53.56p.

Reporting by Iain Gilbert at Sharecast.com

Smiths News