Havelock Europa PLC Strategy Update (0712V)

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RNS Number : 0712V

Havelock Europa PLC

31 October 2017

HAVELOCK EUROPA PLC

("Havelock" or the "Company")

Strategy update

Havelock Europa PLC (HVE.L), the international interior solutions provider, is today (Tuesday 31 October 2017) providing an update on the company's strategy ahead of shareholder meetings in Edinburgh and London.

Shaun Ormrod, who was appointed Chief Executive Officer of Havelock on 27 September 2017, is meeting shareholders today and tomorrow (Wednesday 1 November) along with Chairman Ian Godden and Chief Financial Officer Donald Borland to present a fresh strategy for the business, as advised in the company's interim results statement last month.

The presentation, which is available to view on the company's website here https://www.havelockeuropa.com/investors sets out the Board's short-, medium- and long-term ambitions for the company and the intention to focus on higher margin business, excellent customer service, and a stronger sales culture, as its immediate priorities.

Shaun Ormrod, Chief Executive Officer of Havelock, said: "In the short time I have been at Havelock I have already seen enough from the team here to give me great confidence that we can take Havelock back to market leadership, where it belongs. The plan we are setting out today is intended to put the company on a strong footing once again, doing the right type of work for the right customers at the right price. I want Havelock to become synonymous with design-led innovation and I am excited about what lies ahead for us all."

- ENDS -

For further information please contact:

Havelock Europa plc

Shaun Ormrod, Chief Executive Officer

Donald Borland, Chief Financial Officer

Tel. [phone]

WH Ireland plc (Nomad)

Chris Fielding

Tel. [phone]

Charlotte Street Partners (media enquiries)

David Gaffney / Rob Ballantyne

Tel. [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

October 31, 2017 04:49 ET (08:49 GMT)