4 June 2010 – Low & Bonar PLC (“the Group”), the international performance materials group, today publishes a trading update for the half year to 31 May 2010.
The improvement in sales referred to in the Interim Management Statement on 8 April has been maintained consistently throughout the second quarter. Like for like sales in this quarter were ahead of last year in all segments, with particularly strong performances in the transport, leisure and carpet manufacturing markets.
As a result, at current exchange rates, the Group anticipates that the full year trading performance will be ahead of its previous expectations.
We expect to announce the Group results for the half year to 31 May 2010 on 13 July 2010.
CONTACTS
Low & Bonar PLC
Steve Good, Chief Executive
Kevin Higginson, Group Finance Director
+44 (0)20 7535 3180
Hogarth
Andrew Jaques / Rachel Hirst / Ian Payne
+44 (0)20 7357 9477
Forward looking statements
This announcement includes statements that are, or may be deemed to be, “forward looking statements”. These forward looking statements can be identified by the use of forward looking terminology, including, but not limited to, the terms “believes”, “estimates”, “anticipates”, “expects”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations or comparable terminology. These forward looking statements include matters that are not historical facts.
By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward looking statements are not guarantees of future performance. The Group’s actual results of operations, financial condition and liquidity may differ materially from the impression created by the forward looking statements contained in this announcement. In addition, even if the results of operations, financial condition, and liquidity are consistent with the forward looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. Important factors that could cause these differences include, but are not limited to: changes in the competitive framework in which the Group operates and its ability to retain market share; the Group’s ability to generate growth or profitable growth; the Group’s ability to generate sufficient cash to service its debt; the Group’s ability to control its capital expenditure and other costs; significant changes in exchange rates, interest rates and tax rates; significant technological and market changes; future business combinations or dispositions; and general local and global economic, political, business, and market conditions. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur.
Other than in accordance with their legal or regulatory obligations, the Group does not undertake any obligation to update or revise publicly any forward looking statement, whether as a result of new information, future events or otherwise.
