AGM Statement
09 6월 2009 - 7:00PM
UK Regulatory
TIDMHVX
RNS Number : 5205T
Huveaux PLC
09 June 2009
HUVEAUX PLC
AGM STATEMENT
At the Huveaux PLC AGM today, the Chairman, Kevin Hand, will make the following
statement:
"We have seen demanding trading conditions in our markets during first 5 months
of 2009. Nevertheless, Huveaux has traded in line with expectations and is well
set for a strong first half result.
Both the Education and Political Divisions have shown good progress in the first
half of the year. The strategy of concentrating on organic growth and
improvements in the market position of both of our Divisions is clearly bearing
fruit.
The cost reduction exercise within Education following the abolition of SATs at
Key Stage 3 in October 2008 is delivering the expected savings. The Political
Division continues to benefit from its increasingly diversified product
portfolio and has seen good growth in the Events and Digital parts of the
business. While 2009 will be a difficult year for Media companies generally,
the board believes the recent developments within Huveaux, and especially the
new agenda for Political Reform in Westminster, will further enhance the
underlying value of the Group.
The Group's trading remains significantly weighted to the second half of the
year. The Board is cautious regarding conditions in the wider economy but
remains confident of the full year results."
For further information, please contact:
+-------------------------+-------------------------------------------------+
| Huveaux | |
+-------------------------+-------------------------------------------------+
| Rupert Levy | 020 7245 0270 |
+-------------------------+-------------------------------------------------+
| | |
+-------------------------+-------------------------------------------------+
| Brewin Dolphin (NOMAD) | |
+-------------------------+-------------------------------------------------+
| Sandy Fraser | 0845 213 2072 |
+-------------------------+-------------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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