Major Contract Win

RNS Number : 0711Q

Smiths News PLC

03 April 2009

 



Smiths News PLC

Major Contract Win

Smiths News PLC, the UK's leading wholesaler of newspapers and magazines, is pleased to announce it has successfully negotiated a new five year contract with newspaper publisher Telegraph Media Group.  The contract has a wholesale sales value of circa £136m per annum.

The new contract with Telegraph Media Group will be effective from Autumn 2009 and will generate an annualised increase in sales revenue of circa £53m.

Mark Cashmore, Chief Executive of Smiths News PLC commented:

'This announcement gives further momentum to our business and validates our strategy of investment and continued focus on efficiency.  The contract is good news for customers and will help bring sustainable efficiencies to the supply chain.

We are looking forward to working with the Telegraph Media Group to implement the new contract.'

Enquiries:

Smiths News PLC Mark Cashmore, Chief Executive	Tel: [phone]
Alan Humphrey, Finance Director
Buchanan Communications Tim Thompson	Tel: [phone]
Jeremy Garcia

About Smiths News PLC:

Smiths News PLC comprises Smiths News, the UK's leading wholesaler of newspapers and magazines and Bertrams, a leading UK book wholesaler. The Group was formed on 1 September 2006 following the demerger of WH Smith PLC.

Smiths News distributes newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers. The business serves approximately 23,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents.

Smiths News has an approximate 40 per cent share of the magazine wholesaling sector and an approximate 35 per cent share of the newspaper wholesaling sector in the UK.

In addition to its distribution activities, Smiths News collects and processes returns, supplies sales information to publishers and provides a range of services for its retail customers.

Smiths News has 44 distribution centres across England and Wales, employing 4,000 staff.

Bertrams, which was acquired on 20 March 2009, supplies books to a mix of independent booksellers, on-line and multiple retailers, and libraries.

 

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