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Swallowfield PLC (BAR)

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Thursday 13 November, 2014

Swallowfield PLC

AGM Statement

RNS Number : 9380W
Swallowfield PLC
13 November 2014
 



 

Swallowfield plc

 

("Swallowfield" or "the Company")

 

AGM Statement

 

Swallowfield plc, a market leader in the development, formulation, and supply of personal care and beauty products; whose customers include many of the world's leading brands, will be holding its Annual General Meeting at 12 noon today. At the meeting, Brendan Hynes, non-executive Chairman, will make the following statement:

 

"The board is pleased to report that trading in the first four months of the year is broadly in line with expectations. Momentum has continued with new customer wins and new product launches, particularly across our 'drive' product categories although this has been partially offset by the weakness of the euro and customer mix.

 

Our strategic development projects, under our 'Building a Better Swallowfield' programme, are making good progress. The timing of these new strategic projects, the phasing of new contract wins, and the natural seasonality of some of our key customers will, as in previous years, see a significant weighting of our full year profits to the second half year.

 

At this early stage of the year, and whilst market conditions remain challenging, we anticipate full year profitability will be in line with current market expectations."

 

 

For further information please contact:

 


Swallowfield plc



Chris How

 Chief Executive Officer

 01823 662 241

Mark Warren

 Group Finance Director

 01823 662 241

 




Jonny Franklin-Adams/Jen Boorer

 N+1 Singer

 0207 496 3000

Alan Bulmer

 Investor Focus International

 07831 654744

Chris Lawrance

 JBP Public Relations

 0117 907 3400

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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