Trading Update
05 Maio 2006 - 4:02AM
UK Regulatory
RNS Number:4948C
Blueheath Holdings PLC
05 May 2006
For immediate release 5 May 2006
BLUEHEATH HOLDINGS PLC (the "Company")
Announcement of Preliminary Results
Blueheath is a national delivered wholesaler which uses sophisticated,
proprietary technology to offer a substantial cost advantage over established
players in the #16.8bn grocery wholesale sector. The Company today provides an
update on trading in advance of its preliminary results which will now be
announced on 30 May 2006.
Integration Update
The Company acquired A C Ward & Son Limited ("ACW") in November 2005 following
the acquisition of CTM Wholesale earlier in the year. At the time, the Directors
anticipated that the enlarged group would be able to achieve improved operating
margins through combining buying volumes, the application of Blueheath's
technology and business processes to the ACW operation, and the integration of
central overheads.
We are pleased to report that the Company remains on track to complete the
previously identified integration work in the first quarter of the new financial
year, and has subsequently identified further cost saving opportunities for a
second phase of integration as referred to below.
Trading Update
Since last updating the market on 28 February, the Company has conducted a
detailed review of the business operations and the current customer profile and
locations to ensure that the Company is on track to be profitable when the final
stages of the integration have been completed. The review is taking into account
business integration, current trading, margin improvements and distribution
assumptions and has identified a number of opportunities to reduce further the
operating costs of the business. The review will be completed shortly and whilst
the Company is not in a position to disclose further information today, it will
be able to provide a fuller update with the announcement of its preliminary
results.
The Directors do not anticipate any material change in the outturn for the
2005-06 financial year from the position as reported on the 28 February.
Blueheath Holdings plc Tel: 020 7689 2455
Douglas Gurr, Chief Executive Tel: 020 7689 2464
Simon Mindham, Finance Director
Buchanan Communications Tel: 020 7466 5000
Mark Edwards / Nicola Cronk / James Strong
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTAKQKNBBKBKPK
Blueheath (LSE:BLH)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Blueheath (LSE:BLH)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Blueheath da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Blueheath Holdings