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29 Apr 2010 07:02
Thursday 29 April 2010
HAVELOCK EUROPA PLC
Interim Management Statement
Havelock (HVE.L), the Educational and Retail Interiors and Point of Sale Printing Group, announces its Interim Management Statement relating to the period since 1 January 2010.
In the period to 23 April 2010, order intake was £34.6 million (2009: £29.8 million). Revenues are in line with the Board's expectations but slightly lower than in the first quarter of 2009, reflecting the completion dates of some larger contracts.
Net debt is showing a normal seasonal increase over the level at 31 December 2009, and the Group's financial position remains in line with expectations and within the Group's newly agreed bank facilities.
Further comments on trading, bank facilities and Board changes in the current financial year are set out in the Preliminary Announcement of results for the year to 31 December 2009, which has also been released today.
Enquiries:
Havelock Europa
David Hurcomb (Interim CEO) 07836 353 179
Grant Findlay (Finance Director) 07768 745 960
Bankside
Charles Ponsonby 020-7367 8851
Rose Oddy 020-7367 8853
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