16 Mar 2016 07:00
For Immediate Release 16 March 2016
Connect Group PLC
("Connect Group" or "the Company")
Notification of Interim Results
Connect Group PLC, a leading specialist distributor operating in four divisions; News & Media, Books, Education & Care and Parcel Freight, will be announcing its Interim results for the six months ended 29 February 2016 on Tuesday 19 April 2016.
A meeting for analysts will be held at 9.30am at the offices of Buchanan, 107 Cheapside, London EC2V 6DN on Tuesday 19 April 2016, with an audio webcast of the results presentation available thereafter.
To access the facility please visit the following link:
http://vm.buchanan.uk.com/2016/connectgroup190416/registration.htm
Enquiries:
Connect Group PLC | |
Mark Cashmore, Group Chief Executive Nick Gresham, Chief Financial Officer | Tel: 01793 563641 |
Buchanan | |
Sophie McNulty Richard Oldworth Victoria Watkins | Tel: 020 7466 5000 |
About Connect Group PLC:
Connect Group PLC is a leading specialist distributor operating in large and diverse markets. The Group has four separate divisions, connecting suppliers to customers in an efficient, knowledgeable and service oriented way:
• Connect News & Media - Encompassing: Smiths News and Dawson Media Direct. Smiths News is the UK's largest newspaper and magazine wholesaling business with an approximate 55 per cent. market share. It distributes newspapers and magazines on behalf of the majority of the major national publishers as well as a large number of regional publishers. It serves approximately 30,000 customers across England and Wales, including large general retailers as well as smaller independent newsagents delivering approximately 35 million newspapers and 11 million magazines weekly. The News business also wholly owns Pass My Parcel, a new Click & Collect delivery service for outbound and returns parcels with Amazon as its first client; Dawson Media Direct is an international media direct business supplying newspapers, magazines, inflight entertainment technology and content to over 80 airlines in 50 countries.
• Connect Books - Combining a number of recognised brands in print and digital bookselling across four customer focused business units: Wholesale, including Bertrams Books; UK Libraries, including Dawson Books; Direct to Consumer, including Wordery and International, including Houtschild. The division serves over 8,200 customers in approximately 100 countries, with over 170,000 in stock titles for next day delivery and access to over a further nine million consumer and twenty million academic titles.
• Connect Education & Care - A leading independent supplier of consumable products through The Consortium and West Mercia Supplies. The division holds an approximate 5 per cent. market share of the estimated addressable market, comprising the consumables element of education spend. It serves over 30,000 customers with an extensive range of over 40,000 products across a branded, own-brand and value range, including exercise books, stationery, arts and craft and cleaning products through a paper based catalogue and increasing focus on e-commerce trading with schools.
• Connect Parcel Freight - Tuffnells is a leading provider of next-day B2B delivery of mixed freight/ parcel consignments, specialising in items of irregular dimension and weight ("IDW"), examples of which include bulky furnishings, building materials and automotive parts. Tuffnells offers distribution coverage throughout the UK through a network of 37 depots and operates a largely depot-to-depot operational model, providing over 10 million deliveries per annum, through a wide range of services to over 4,200 largely 'SME' customers.