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Swallowfield PLC (BAR)

  Print          Annual reports

Monday 11 July, 2005

Swallowfield PLC

Trading Statement

Swallowfield PLC
11 July 2005

Swallowfield plc Trading Update 10 July 2005

Swallowfield today announces that full year sales for the year to 30 June 2006,
are likely to be around 3% below current market expectations and this will have
a consequent negative impact on results for the year ended 30 June 2005.

Our last trading update on 20 April 2005 stated that the prevailing weak retail
sales environment would considerably impact our results for the year ended 30
June 2005,but as a result of confirmed new business, we anticipated that our
sales would improve in June and July. Whilst this has broadly been the case,
sales did not pick-up as quickly as expected. We retained our operating gearing
levels in anticipation of these higher activity levels and have accepted the
consequent misalignment in costs in the short term.

Significantly, despite recognising the ongoing weak market, we have not changed
our outlook for the current financial year ending on 30 June 2006, nor our
long-term strategic aims and remain optimistic for the future. This optimism is
underpinned by new contracts, new enquiries and the fact that our order book
going into this new financial year is well above that of the same time last

Full year results will be published in early September.

Notes to Editors:

Swallowfield formulates, manufactures and packages fine quality household goods,
toiletries and cosmetics across the whole spectrum of consumer markets for own
label and brand names.

                      This information is provided by RNS
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