UNG.L Regulatory News (UNG)

30 Jun 2005 07:30

Universe Group PLC30 June 2005 UNIVERSE GROUP PLC TRADING UPDATE Universe Group, the retail and information systems company, announces that itsresults for the six months to 30 June 2005 are expected to be in line withmanagement forecast. The board anticipates that results for the full year willbe in line with market expectations. The key features of trading in the first half are: • Turnover at HTEC has increased significantly over the same period last year, primarily as a result of Chip & PIN. • Currency Division has been reduced to a core of ten bureaux de change all operating in the centre of Paris. The bureaux have historically reported an operating loss in the first half but following the restructuring of the division it will report a profit in the six months to 30 June this year. • The cost to the group of operating First Remit international cash transfer is continuing to reduce. In the period we have expanded our "send" business from Austria. The interim results are expected to be announced on 9 September 2005. Enquiries: Ray Mackie, ChairmanUniverse Group PLC 023 80689510 Russell CookCharles Stanley Co. Limited 020 7739 8200 This information is provided by RNS The company news service from the London Stock Exchange