AGM Statement

 

TIDMHVX 
 
RNS Number : 5205T 
Huveaux PLC 
09 June 2009 
 

 
 
HUVEAUX PLC 
 
 
AGM STATEMENT 
 
 
At the Huveaux PLC AGM today, the Chairman, Kevin Hand, will make the following 
statement: 
 
 
"We have seen demanding trading conditions in our markets during first 5 months 
of 2009.  Nevertheless, Huveaux has traded in line with expectations and is well 
set for a strong first half result. 
 
 
Both the Education and Political Divisions have shown good progress in the first 
half of the year. The strategy of concentrating on organic growth and 
improvements in the market position of both of our Divisions is clearly bearing 
fruit. 
 
 
The cost reduction exercise within Education following the abolition of SATs at 
Key Stage 3 in October 2008 is delivering the expected savings.  The Political 
Division continues to benefit from its increasingly diversified product 
portfolio and has seen good growth in the Events and Digital parts of the 
business.  While 2009 will be a difficult year for Media companies generally, 
the board believes the recent developments within Huveaux, and especially the 
new agenda for Political Reform in Westminster, will further enhance the 
underlying value of the Group. 
 
 
The Group's trading remains significantly weighted to the second half of the 
year. The Board is cautious regarding conditions in the wider economy but 
remains confident of the full year results." 
 
 
For further information, please contact: 
 
 
+-------------------------+-------------------------------------------------+ 
| Huveaux                 |                                                 | 
+-------------------------+-------------------------------------------------+ 
| Rupert Levy             | 020 7245 0270                                   | 
+-------------------------+-------------------------------------------------+ 
|                         |                                                 | 
+-------------------------+-------------------------------------------------+ 
| Brewin Dolphin (NOMAD)  |                                                 | 
+-------------------------+-------------------------------------------------+ 
| Sandy Fraser            | 0845 213 2072                                   | 
+-------------------------+-------------------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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