Anite Group PLC
24 September 2001
24th September 2001
Anite Group plc
Discussions Terminated and Trading Update
In light of the uncertain economic and stock market environment, the Board of
Anite Group plc announces that the preliminary discussions referred to in the
announcement of May 18, 2001 have ended.
The Board would also like to reconfirm that the current outlook on Group
trading remains in line with management expectations and the comments made at
the AGM on 5 September 2001, the text, of which, is reproduced below:-
'Continuing the positive performance reported at the time of the preliminary
results in July, Group trading has been strong in the current financial year,
across each of our geographic markets.
Public Sector is seeing the benefit of the integration of the ICL and Cedar
acquisitions made since March 2001. Telecoms' trading has been in line with
management expectations, although, as expected, growth is below last year's
levels. Finance is trading strongly, whilst order intake within the Travel
division has been exceptionally high since the beginning of the current
financial year, including the recently announced £15m order for Airtours UKLG.
I therefore look forward with confidence to the remainder of the financial
year and continue to believe that we will report above average growth. Any
growth shortfall in Telecoms is expected to be exceeded by the growth of the
other three trading divisions, demonstrating the benefits of our well balanced
and geographically diversified business.'
For further information please contact:
Anite Group Plc 0118 945 0121
John Hawkins, Chief Executive
Simon Hunt, Finance Director
Golin/Harris Ludgate 020 7324 8888
Reg Hoare / Laurence Read
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