Brooks Service Group PLC
24 May 2000
Chairman's AGM Statement
Ours is a long-term business and I would like to remind you of some of the
major points of achievement over the past 5 years. On page 6 of the Report
and Accounts, John Walters, our Chief Executive reports, among other points,
that:
* Pre-tax profits have grown at average of 26% pa
* EPS have increased by 156%
* Dividends have doubled
* Gearing has reduced from 50% to 6%
* You will be wondering, therefore, how we can maintain this progress?
I am pleased to tell you that, following last year's excellent result, the
year has begun well. Trading for the Group in the first four months has been
ahead of last year and is line with our budget. Our efficiency improvement
programmes are helping us to remain competitive in the markets we serve.
We are continuing, with our advisors, in our search for companies to acquire
in both the workwear and washroom fields.
I remain confident that this year the Group will, yet again, deliver
continuing growth in profits.
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