AGM Statement

RNS Number:0250Z
Straight PLC
26 June 2007



26 June 2007

                                  Straight plc

                    TRADING STATEMENT TO AGM ON 26 JUNE 2007

Straight plc (AIM: STT), the Leeds-based supplier of recycling containers, 
is today providing an update in the following trading statement at its annual 
general meeting.

Sales revenues in the first half of the year are expected to exceed those for
the same period in 2006, with sales of recycling containers significantly
higher, as the Government's vision of more household waste being separated at
source continues to drive demand upwards.

Retail sales have remained strong although the sales of higher margin
water-butts, which last year were subject to unprecedented high demand in the
first half due to the very dry weather and hose pipe bans, will be more evenly
spread throughout the year. New products have been introduced and we now have a
presence in a number of leading multiple retailers for our 'Cloudburst' garden
products range.

We are pleased to report that the restructuring of our business model, with the
outsourcing of our distribution, warehousing and contact centre activities, is
almost complete and now working effectively.

Due to these changes, the significant additional costs incurred in the second
half of last year to maintain customer service during the periods of peak
activity, will not reoccur in this period. There will, however, be some charges
for the restructuring of the business operations as well as for the relocation
of the Group's activities later in the year.

As a result of the changes in the pattern of trading and the timing of
exceptional costs compared to last year, the ratio of profitability between the
first and second halves of the year will be much more evenly spread this year.

The second half of the year is looking positive both in the trade and retail
parts of the business. The trade order book is at record levels for this time of
the year and our strategic alliance with Helesi plc has been strengthened to
provide a more dynamic service.

On the retail side, a new three-year contract has recently been signed with
Thames Water for the promotion and sale of water-butts and other water-saving
products. The Group has also commenced campaigns for Scottish Water and Welsh
Water for the first time. Sales of product through the Group's catalogue and
internet sites, including www.evengreener.com, continue to increase month on
month.

The Government's recently published 'Waste Strategy' has called for increased
recycling targets and continues to focus public attention on the environmental
agenda. During the second half of the year, the Group will be launching several
new products and service initiatives to take advantage of these trends and
strengthen further its leading position in this growing market.


For further information contact:

Straight plc
James Newman/Jonathan Straight  -  0113 245 2244 or 07850 672727

Simon Mountford Communications
Simon Mountford/Alison Crawford - 01904 520162

Panmure Gordon Limited
Andrew Godber/Katherine Roe - 0207 459 3600






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

END
AGMFQLFLDQBFBBX