Havelock Europa PLC Trading Statement (0919V)

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RNS Number : 0919V

Havelock Europa PLC

25 January 2017

25 January 2017

HAVELOCK EUROPA PLC

("Havelock" or the "Company")

Trading Statement

In advance of its EGM at 11am today at Havelock House, John Smith Business Park, Grantsmuir Road, Kirkcaldy, KY2 6NA, Havelock Europa (HVE.L), the international interior solutions provider, announces a trading update in respect of the year ended 31 December 2016.

The actions taken in late 2015 to "rightsize" and simplify the business have delivered significant benefits for the business and enabled its continued recovery during 2016. As a result of these actions, the Board expects the trading results for the year ended 31 December 2016 to be in line with market expectations.

The Board expects to announce the Company's Preliminary Results for the financial year ended 31 December 2016 on Thursday 27 April 2017.

David Ritchie, Chief Executive, said: "The benefits that have accrued from the measures taken in late 2015 are clear throughout the Company and have enabled the business to trade in line with market expectations, despite the increasingly challenging retail sector.

In addition, we are encouraged by our current engagement with customers as we continue with our strategy of developing relationships with customers that value our wide range of services and, notwithstanding the challenging retail environment, the current order book for 2017 currently stands at GBP21m."

Enquiries

Havelock Europa PLC - 01592 643883

David Ritchie, Chief Executive

Ciaran Kennedy, Finance Director

WH Ireland Group plc (Nomad) - 0207 220 1650

Chris Fielding

James Bavister

Charlotte Street Partners - 0131 516 5310

Robert Ballantyne

David Gaffney

www.havelockeuropa.com

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

January 25, 2017 05:48 ET (10:48 GMT)