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21 Jun 2011 07:00
H C SLINGSBY plc
Trading update
H C Slingsby plc ("Slingsby" or "the Company") announces the following trading update in relation to the current year ending 31 December 2011.
The factors underpinning the board's cautious view of the economic environment, as referred to in the Company's 21 April 2011 final results announcement, continue to prevail. A marked slowdown in activity levels meant that trading conditions during late April and May were very challenging, with June showing no signs of improvement. Given the lack of visibility over any recovery in demand, the directors now expect that trading for the full year will be below the board's previous expectations.
In light of Slingsby's diverse customer base, wide product selection and strong balance sheet, the board does, however, remain confident of the Company's ability to withstand these difficult conditions as well as its long-term prospects.
The Company's interim results for the six months ending 30 June 2011 will be released in September 2011.
For further information, please contact:
H C Slingsby plc | Tel: 01274 535 030 |
Dominic Slingsby, Managing Director Ray Hudson, Financial Director
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Evolution Securities Limited | Tel: 0113 243 1619 |
Joanne Lake Casper Kaars |
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