Havelock Europa Regulatory News (HVE)

8 Apr 2008 07:01

Havelock Europa PLC08 April 2008 Tuesday 8 April 2008 HAVELOCK EUROPA PLC Interim Management Statement Havelock, the Educational and Retail Interiors and Point of Sale Group,announces its Interim Management Statement relating to the period since 1January 2008. In the first quarter, order intake was £36.4 million (2007: £25.6 million).Revenues are in line with expectation but slightly lower than the first quarterof 2007, reflecting the completion dates of some larger contracts. The Group's financial position remains robust and in line with expectation. Netdebt is showing a normal seasonal increase over the level at 31 December 2007due to the build up of working capital supporting work in hand. Further comments on trading in the current financial year are set out in thePreliminary Announcement of results for the year to 31 December 2007, which hasalso been released today. The Group remains on track for a further year ofprogress although, as usual, it is expected that the great majority of itsprofits will be earned in the second half of the year. Enquiries: Havelock Europa PLC 01383-820 044 Hew Balfour (Chief Executive) 07801-683 851 Grant Findlay (Finance Director) 07768-745 960 Bankside Consultants Limited Charles Ponsonby 020-7367 8851 This information is provided by RNS The company news service from the London Stock Exchange