Dowlis Corporate Solutions plc
27 July 2007
Date: 27th July 2007
On behalf of: Dowlis Corporate Solutions plc ('Dowlis', the
'Company' or the 'Group')
Embargoed until: 0700hrs
Dowlis Corporate Solutions plc
Pre-Close Statement
Dowlis Corporate Solutions PLC (AIM: DWL), the marketing, information and
logistics solutions business, is pleased to make the following trading update
prior to the announcement of its interim results for the six months to 30th June
2007, which is expected to take place on 27th September 2007.
The Board can report progress from the new divisional structure put in place
earlier in the year which has emphasised a dual focus: improving the performance
in the Promotional Marketing business and continuing to build a strong presence
in Information and Exhibitions.
Whilst the pace of change arising from some of our initiatives has yet to reach
the desired level, the Board expects Group turnover for the first half of 2007
to be circa £10.5 million, up 13% of the comparative period last year. Within
this, the Trade OnlyTM Information and Exhibitions division performed
particularly strongly and was up over 40% in the period, with turnover of circa
£1.7 million. Profit before tax pre exceptionals is expected to be around
£450,000, over 40% ahead of the corresponding period in 2006.
Whilst the first half performance is very encouraging, the Company expects
turnover and profit for the full year to be below current expectations,
primarily due to lower than expected growth in the Promotional Marketing
division, which represented over 80% of Group turnover in the first half of
2007. The Company remains confident that the initiatives both planned and in
progress will deliver solid results over the medium term.
For further information:
Dowlis Corporate Solutions plc www.dowlis.com
Martin Varley, Chief Executive Officer 0870 224 6677
Daniel Stewart & Company plc
Tom Jenkins / Oliver Rigby 020 7776 6550
Redleaf Communications
Emma Kane/Sanna Lehtinen 020 7822 0200
This information is provided by RNS
The company news service from the London Stock Exchange
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