S & U Regulatory News (SUS)

6 Dec 2007 08:00

S & U PLC06 December 2007 Interim Management Statement S&U plc are the foremost niche consumer and motor finance provider in the UK,providing a reliable, consistent and trustworthy service to over 130,000customers. As required by the revised Listing Authority Disclosure andTransparency rules, I am pleased to present our interim management statement forthe period from 1st August 2007 to 6th December 2007. Revenue in our home collected operations has grown by 3% versus the same periodlast year when we increased representative numbers by 20%. This year that growthhas been consolidated and during the period the business has successfullyfocussed on improving cost efficiency and debt control. We are encouraged thatcustomer collections have grown substantially and debt quality improved. We arenow starting the key Christmas sales period and early indications are goodalthough we do not expect significant growth versus Christmas last year. New deal volumes for Advantage slowed in the period although potential marginsper deal were improved. New deal volumes are now 8% ahead year to date.Collections and impairment levels continue to be stable as we approach the keyChristmas collection period. Borrowings at the end of the period are similar to the half yearend reflectingnet positive trading cash generation offset by the payment of the interimdividend to shareholders. In marked contrast to the gyrations of the stock-market, both generally in oursector, and in S&U's share price, our trading remains stable and resilient andwe view current trading with confidence. Anthony M V CoombsManaging Director This information is provided by RNS The company news service from the London Stock Exchange