Styles & Wood Group Regulatory News (STY)

2 Jul 2007 07:00

Styles & Wood Group PLC02 July 2007 2 July 2007 Styles & Wood Group plc ("Styles & Wood" or the "Group") Trading Update The Board of Styles & Wood Group plc, a leading provider of retail propertyservices to premier UK retailers, is pleased to provide the following tradingupdate for the six months to 30 June 2007. In line with the comments made at the AGM, the Group has continued to trade wellin the period to 30 June 2007. The Group continues to achieve new premierleague customer wins in all divisions which should offer excellent prospects forgrowth in future years. Allocations from existing customers under framework arrangements continue to bestrong, particularly in the Retail Banking and Food sectors, reflecting acontinuing demand for modernisation of existing property portfolios and theacquisition of new space. All divisions continue to perform in line with the Board's expectations and weare particularly pleased with the strong performance of the StoreCare division. Our markets continue to provide significant growth opportunities and giventrading to date and the strong projected order book, the Board remains confidentof producing a pleasing set of results for the full year. Styles & Wood intends to announce its interim results for the six months ended30 June 2007 on 4 September 2007. Enquiries: Styles & Wood Group PLC, Tel: 0161 926 6000 Gerard Quiligotti, ExecutiveChairman Neil Davies, Chief Executive Graham Clark, Director of Finance Financial Dynamics, Tel: 020 7831 3113 Billy Clegg, Susanne Yule Notes to Editors: Styles & Wood employs approximately 380 staff and operates from four officeslocated in Altrincham (its headquarters), London, Nottingham and Milton Keynes. Styles & Wood provides its store development services to premier UK retailersthrough four distinct divisions: StoreFit is the Group's core operation and the UK's leading fit-out business tothe retail sector in revenue terms. The division provides project management andimplementation services for new store fit-out, existing store refurbishment andextension programmes to its customers typically through long term frameworkarrangements. StorePlanning is Styles & Wood's retail design development division providing arange of services including surveying, space planning, design development andarchitectural services. StoreCare provides project management solutions that support retailers in theuse of their store portfolio once the new store or store refurbishment becomesoperational including planned maintenance, new merchandising layouts andpromotional activities. StoreData provides retailers with technology based property informationsolutions that can manage significant amounts of data about their propertyportfolios, including the provision of online information on design standards,cost and programme tracking. Styles & Wood floated on the Official List of the London Stock Exchange inNovember 2006. For further information please visit the company website,www.stylesandwood.co.uk This information is provided by RNS The company news service from the London Stock Exchange