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Swallowfield PLC (BAR)

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Thursday 12 November, 2015

Swallowfield PLC

AGM Statement

RNS Number : 4728F
Swallowfield PLC
12 November 2015
 

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 in line with expectations.

 

Production has commenced on two significant new contracts with major global brands as previously announced.  This will positively impact on the second half of this fiscal year.

 

Similarly, production and sales of our innovative new plastic aerosol product are performing as planned and, in October, we were pleased to receive the 'Aerosol of the Year 2015' award from the British Aerosol Manufacturers Association.

 

Our premium Beauty brand 'Bagsy' is now being rolled out across Debenhams stores nationally, in time for the busy pre-Christmas shopping period. The brand was highly commended in the Best New Beauty Brand category at the recent Pure Beauty awards.

 

Our unique Men's haircare range 'MR.' (a collaboration with three times British Male Hairdresser of the Year, Jamie Stevens) is now present in larger Boots stores nationwide.

 

Whilst we anticipate the challenging retail market conditions in the UK and Europe will continue, we expect to maintain our positive momentum and are confident in the prospects for the year."

 

 

 

For further information please contact:

 

Swallowfield plc

 

 

Chris How

 Chief Executive Officer

 01823 662 241

Mark Warren

 Group Finance Director

 01823 662 241

 

 

 

Nic Hellyer/ Jen Boorer/ Alex Price

 N+1 Singer

 0207 496 3000

Josh Royston / Hilary Buchanan

 Alma PR

 07780 901979

 

 

 

 


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