Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBrand Architek. Regulatory News (BAR)

  • This share is currently suspended. It was suspended at a price of 47.50
  • There is currently no data for BAR

Trading Statement

27 Jun 2013 13:36

RNS Number : 0294I
Swallowfield PLC
27 June 2013
 

Swallowfield plc

("Swallowfield" or the "Company")

 

Trading Update

 

Swallowfield plc, the leading cosmetics, toiletries and household goods group, announces the following pre close trading update for the 52 weeks ending 22 June 2013:

 

The industry continues to be affected by weak consumer demand particularly in UK and European markets. Additionally, Swallowfield is in the process of reducing its historical dependency on a few larger customers by securing new customers and launching new products, the exact timing of which is difficult to predict.

 

As a result of both of these factors, we now expect full year revenue to be marginally below current market forecasts for 2013, with some of this revenue shortfall moving into the new fiscal year.

 

We have already taken strong action to reduce costs, improve efficiencies and tightly control working capital. These actions have resulted in the business returning to profitability in the second half year, but this recovery in profitability will not be as strong as originally anticipated. However, working capital will be below previous estimates and we anticipate that our net debt position at the end of the year will also be lower than previously advised.

 

Outlook

 

The cost savings and efficiency improvements that the Company has already implemented have come through in line with expectations in the second half and will deliver a positive full year impact in the next financial year. The outlook for fiscal 2014 therefore remains unchanged.

 

The full year results will be announced to the market on the 19th September 2013.

 

For further information please contact:

Swallowfield plc

Ian Mackinnon, Chief Executive Officer 01823 662 241

Mark Warren, Group Finance Director 01823 662 241

 

Shaun Dobson/Jenny Wyllie N+1 Singer 0207 496 3000

Alan Bulmer Investor Focus International 07831 654744

Chris Lawrance JBP Public Relations 0117 907 3400

 

Notes to Editors:

Swallowfield plc is a market leader in the development, formulation and supply of cosmetics, toiletries and related household products to the own label and branded sectors. We pride ourselves on being a customer orientated, innovative, flexible and responsive company and combine high quality, competitive products with strong customer service - developing close partnerships with our customers and an in depth knowledge of their requirements.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSEDFEWFDSEDM
Date   Source Headline
6th Jan 202511:37 amRNSForm 8.5 (EPT/RI)
6th Jan 202511:17 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
3rd Jan 20251:45 pmGNWForm 8.3 - Brand Architekts Group Plc
3rd Jan 202511:24 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
3rd Jan 202510:15 amRNSForm 8.3 - Warpaint London plc
2nd Jan 202511:08 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
31st Dec 202410:08 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
30th Dec 202411:24 amRNSForm 8.5 (EPT/RI)
30th Dec 202410:42 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
30th Dec 20249:38 amRNSForm 8.3 - Warpaint London plc
30th Dec 20248:40 amRNSForm 8.3 - BRAND ARCHITEKTS GROUP PLC
27th Dec 202411:08 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
27th Dec 20249:54 amRNSForm 8.3 - Warpaint London plc
24th Dec 202410:20 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
23rd Dec 202411:30 amRNSForm 8.3 -Brand Architekts Group plc
23rd Dec 202411:26 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
23rd Dec 20249:53 amRNSForm 8.3 - Warpaint London plc
20th Dec 202410:40 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
20th Dec 20249:59 amRNSForm 8.3 - Warpaint London plc
19th Dec 20242:08 pmRNSReplacement: Publication of Scheme Document
19th Dec 202411:36 amRNSPublication and Posting of Scheme Document
19th Dec 202411:24 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
18th Dec 20246:20 pmRNSForm 8 (OPD) Brand Architekts plc
18th Dec 20245:54 pmRNSForm 8.3 - Brand Architekts Group PLC
18th Dec 20244:51 pmRNSForm 8.3 - Brand Architekts Group PLC
18th Dec 20242:29 pmRNSForm 8.3 - WARPAINT LONDON PLC
18th Dec 202412:54 pmRNSForm 8.3 - Brand Architekts Group PLC
18th Dec 202411:00 amRNSForm 8.5 (EPT/RI)
18th Dec 202410:49 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
18th Dec 202410:06 amRNSForm 8.3 - Brand Architekts Group PLC
17th Dec 20244:55 pmRNSForm 8.3 - Brand Architekts Group plc
17th Dec 20242:58 pmRNSForm 8.3 - Brand Architekts Group PLC
17th Dec 202411:14 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
17th Dec 202411:08 amRNSForm 8.3 - Brand Architekts Group Plc
17th Dec 202410:51 amRNSForm 8.3 - Warpaint London plc
17th Dec 202410:34 amRNSForm 8.3 - Brand Architekts Group plc
17th Dec 202410:17 amRNSForm 8.5 (EPT/RI)
16th Dec 202411:30 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
16th Dec 202410:16 amRNSForm 8.5 (EPT/RI)
16th Dec 20249:18 amRNSForm 8.3 - BRAND ARCHITEKTS GROUP PLC
16th Dec 20247:00 amRNSForm 8.3 - Brand Architekts Group PLC
13th Dec 20243:55 pmGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc - AMENDMENT
13th Dec 202411:50 amRNSForm 8.5 (EPT/RI)
13th Dec 202411:32 amGNWForm 8.5 (EPT/RI) - Brand Architekts Group plc
13th Dec 202411:08 amRNSForm 8.3 - Brand Architekts plc
13th Dec 202410:44 amRNSForm 8.3 - Warpaint London plc
13th Dec 20249:10 amRNSForm 8.3 - BRAND ARCHITEKTS GROUP PLC
12th Dec 20242:09 pmRNSForm 8.3 - WARPAINT LONDON PLC
12th Dec 202412:50 pmRNSForm 8.3 - Brand Architekts Group plc
12th Dec 202412:32 pmRNSForm 8.3 - Warpaint London plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.