23 Jan 2009 07:00
FOR IMMEDIATE RELEASE 23 January 2009
Northbridge Industrial Services Plc.
("the Group" or "Northbridge")
PRE-CLOSE TRADING UPDATE
Northbridge Industrial Services plc, the industrial services and rental company today issues the following trading statement in advance of its preliminary results for the year ended 31 December 2008, which are scheduled for release in the week commencing 23 March 2009.
Following the trading update given at the time of our interim results last September, the Group has continued to trade very strongly in all its markets for the whole of the second half of the year. The trading results for 2008 are likely to be ahead of market expectations.
We start 2009 with a much larger hire fleet following the investment in recent years, together with lower net gearing and substantial cash balances. Therefore we are well placed to take advantage of any opportunities that may arise during the current economic turmoil and with our geographic and industry spread, we are also well placed for any future upturn.
So far this year we have been encouraged by the level of enquiries for both sales and hire and although the outlook for the world economy looks uncertain, we are confident that we will be able to continue the future development of the Group in the coming years.
For more information please contact:
Northbridge Industrial Services plc 01283 531 645
Eric Hook, CEO
Charles Stanley Securities (Nominated Adviser) 020 7149 6000
Mark Taylor / Freddy Crossley
Buchanan Communications 020 7466 5000
Charles Ryland / Isabel Podda