12 November 2014 – interim management statement
The group has issued an interim management statement covering the period from 1 July to 31 October with like for like revenues increasing by 1.7% during the period. Strong growth in the UK and Ireland made up for a decline in mainland Europe with Poland and Germany in particular struggling. During the period, the group successfully renewed its financing facilities until October 2019. The group is continuing its cost saving initiatives and this is benefiting margins, although the weaker trading in Europe means that full year profits will be slightly lower than previously expected. Even so, the shares still look GOOD VALUE.