Hargreaves Services PLC
03 October 2007
For Immediate Release 3 October 2007
HARGREAVES SERVICES plc
ANNUAL GENERAL MEETING STATEMENT
At the Annual General Meeting to be held later today of Hargreaves Services plc
(AIM: HSP), a leading provider of transport and support services to the energy
and waste sectors, Chairman, Tim Ross, will say:
'I am happy to be able to report that results for the first quarter of the year
are closely in line with market expectations.
'The integration into the Group of Imperial Tankers Limited, an acquisition
announced on 17 September 2007, has started and is proceeding smoothly. Together
with the business of Hargreaves Bulk Liquid Tankers and Gilbraiths, the
acquisition of Imperial greatly increases the critical mass of our bulk liquid
tanker operations and provides an additional depot in the North East to
complement existing depots in the North West and the Midlands.
'The acquisition, in April 2007, of Simon Bulk Warehousing and Distribution has
proved very successful and is now integrated into our subsidiary company, Norec
Limited. The long term contract with ConocoPhillips has been successfully
retained and is performing well.
'Hargreaves Raw Material Services GmbH, the Group's subsidiary in Germany, has
continued to grow at an accelerated rate indicating the considerable potential
for the Group services in the European market.
'Finally the Group order book continues to grow. A number of existing contracts
have been renewed or extended and new contracts won.
'Your Board remains confident the Group will proceed in accordance with the
Directors' expectations.'
Enquiries
Hargreaves Services plc 0191 373 4485
Gordon Banham
Peter Dillon
Buchanan Communications 0207 466 5000
Diane Stewart
Catherine Breen
Karen Morrison
Brewin Dolphin Securities 0113 241 0130
Andrew Kitchingman
This information is provided by RNS
The company news service from the London Stock Exchange
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