Johnson Service Group PLC
5 July 2002
5 July 2002
JOHNSON SERVICE GROUP PLC
TRADING UPDATE
In our statement at the AGM on 25 April, we stated that there had been little
evidence of a revival in economic activity in the first three months of this
year and that results for the first quarter were similar to those for the same
period last year.
Since that date, against the backdrop of flat economic activity, trading in all
our businesses has continued to be difficult. The Board, however, still expects
that the results for the first six months of the year will be broadly in line
with expectations.
With trading conditions in both the UK and Irish rental businesses remaining
competitive and no top line growth being achieved, the Board now believes that,
unless there is an upturn in economic activity in the second half of the year,
financial performance for the full year will be somewhat below current market
expectations.
The Company will announce its interim results for the six months to 29 June 2002
in early September. At that time, the Group's new Chief Executive, Stuart
Graham, who joined at the beginning of last month, will give a comprehensive
update on the state of the Group's business.
Enquiries:
Mike Sutton, Finance Director, Johnson Service Group PLC
Tel: 0151 955 3213
Michael Sandler / Wendy Baker, Hudson Sandler
Tel: 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
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