Northgate PLC
08 September 2004
8 September 2004
Northgate plc
AGM Trading Statement
Northgate plc ('Northgate', the 'Group'), the UK's leading commercial vehicle
hire company, will be holding its AGM today. Michael Waring, Chairman of
Northgate, will be making the following statement:
'I am pleased to report that, based on the results for the first four months of
the year, the Group's financial performance is in line with the Board's
expectations. On 1 August 2004 the Group acquired the entire share capital of
Foley Self Drive Limited, a family owned business based in the West Midlands
with 850 vehicles. This acquisition, when combined with organic growth since 1
May 2004, resulted in the Group achieving another milestone in its development
with its 50,000th vehicle in the UK.
'Fualsa, the Group's commercial vehicle hire subsidiary in Spain, continues to
perform well with fleet growth and earnings in line with the Board's
expectations.
'We look forward to a satisfactory outcome for the Group for the remainder of
the year.'
-Ends-
For further information, please contact:
Northgate plc Tel: 01325 467558
Steve Smith, Chief Executive
Gerard Murray, Group Finance Director
Hogarth Partnership Limited Tel: 0207 357 9477
Andrew Jaques
Tom Leatherbarrow
Further information regarding Northgate can be found on the Company's website:
http://www.northgateplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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