NARS Nationw.Acc

 

TIDMNARS 
 
RNS Number : 4189M 
Nationwide Accident Repair Srvs PLC 
29 January 2009 
 

NARS 
 
 
29 January 2009 
 
 
 
 
 
 
NATIONWIDE ACCIDENT REPAIR SERVICES PLC 
("Nationwide" or "the Company") 
 
 
Pre-Close Trading Update 
 
 
Nationwide, the largest dedicated provider of automotive crash repair services 
in the UK, is pleased to make the following update on trading for the year ended 
31 December 2008, prior to entering its close period. 
 
 
The Directors are pleased to report that Nationwide's full year results are 
expected to be in line with market expectations, representing a record year. The 
balance sheet remains strong, with nil borrowings and net cash as at 31 December 
2008 of approximately GBP5.4million. This is after the acquisition of six body 
shops over the period. 
 
 
The performance demonstrates the success of the Company's twin track strategy of 
growth, organically and via acquisitions. In particular, results reflect the 
benefits of contracts and volume extensions won in the previous financial year. 
 
 
The Directors remain confident that the business is well positioned for long 
term growth. 
 
 
 
 
 
 
  Enquiries: 
 
 
+----------------------+--------------------------------+------------------+ 
| Nationwide Accident  | Michael Wilmshurst, Chief      | T: 01993 701 720 | 
| Repair Services plc  | Executive                      |                  | 
|                      | David Loftus, Finance Director |                  | 
+----------------------+--------------------------------+------------------+ 
|                      |                                |                  | 
+----------------------+--------------------------------+------------------+ 
| Arbuthnot Securities | Alasdair Younie                | T: 020 7012 2000 | 
+----------------------+--------------------------------+------------------+ 
|                      |                                |                  | 
+----------------------+--------------------------------+------------------+ 
| Biddicks             | Katie Tzouliadis/ Sophie Lane  | T: 020 7448 1000 | 
+----------------------+--------------------------------+------------------+ 
|                      |                                |                  | 
+----------------------+--------------------------------+------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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