St Ives plc
Trading Statement - 9 August 2005
The Board of St Ives plc is today issuing the following pre-close period update
on trading for the financial year ended 29 July 2005.
Trading overall in the second half of the financial year has been in line with
indications given in the Interim Statement for the first half year on 12 April.
Our book business has been busy; demand for point-of-sale products and services
remained steady; the market for Company Annual Reports was competitive,
although paginations grew as a result of increased disclosure requirements; in
our other markets over-capacity and fiercely competitive pricing were unabated.
As foreshadowed in the Interim Statement, we closed our factory at Caerphilly
at the end of June and have successfully transferred the work previously
undertaken there to our other factories. During the period we also transferred
our point-of-sale business at Crayford to SP Group (acquired in September 2004)
in Redditch.
Capital investment in the second half of the year included the commissioning of
two 64 page presses at our factories at Roche and Peterborough and the
acquisition and fitting out of a purpose-built freehold property in Redditch to
enable the further growth of SP Group and of our fulfilment and logistic
operations.
The Company will announce its preliminary results for the year on 11 October
2005.
Enquiries:-
St Ives plc: 020 7928 8844
Miles Emley (Chairman)
Brian Edwards (Managing Director)
Ray Morley (Finance Director)
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