AGM Trading Update

RNS Number : 4110I

Sanderson Group PLC

11 March 2010

 



FOR IMMEDIATE RELEASE                                                                                                                                       11 MARCH 2010

SANDERSON GROUP PLC

AGM Statement

Sanderson Group plc ("Sanderson" or "the Group"), the software and IT services business specialising in the multi-channel retail and manufacturing markets in the UK and Ireland will hold its AGM in Coventry at 10.00am today. At the AGM, Chairman, Christopher Winn, will make the following statement to shareholders:

"Following a strong finish to the 2009 financial year, I am pleased to report that the Group has made a good start to the current year.  Encouragingly, the launch of the new 'Factory Automation' and 'Business Assurance' products and services have enabled the Group to win new customers.

By the end of February, five months into the current financial year, the Group has won more business from new customers than in the whole of the previous financial year.  These new customers have been won across the Group and include MacSween (haggis maker), Piroto Labelling (print) and Bromford Industries (aerospace) in the Manufacturing division and Aquascutum, Hamleys and David Austin Roses in the Multi-Channel Retail division.

Order Intake, Revenues, Profitability and Cash Generation are ahead of the previous year and in line with management's expectations for the current year.  However, with many of the Group's customers continuing to face tough trading conditions, with the impending General Election and with an uncertain economic outlook, we remain cautious but confident in our outlook for the rest of the financial year."

For further information please contact:

Sanderson Group plc	02476 555466
Christopher Winn, Chairman
Charles Stanley Securities - Nominated Advisor and Broker	020 7149 6000
Mark Taylor/Ben Johnston
Winningtons Financial Paul Vann/Tom Cooper	0117 920 0092 or  07768 807631

 

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