Interim Management Statement

Northamber PLC 16 November 2007 16 November 2007 Northamber plc Interim Management Statement - 1st Quarter to 30th September 2007 At the Annual General Meeting of the company held today, the Chairman, David Phillips made the following comments regarding the trading of the group for the first quarter in the year to 30th June 2008. Sales for the quarter were essentially much in line with those for the comparative period last year. This lack of growth was but one effect of the continued weakness of the US Dollar. This is likely to continue to exert a significant downward pressure on unit pricing with the inevitable result on sales revenues. The broader issues concerning the future availability of credit also cannot assist a growth in sales. Gross profits for the period were also much in line with those of the prior year and management continues its very tight overhead controls and focus on improved efficiencies. The unaudited, consolidated result for the first quarter are marginally better than in the equivalent period last year. A return to viable commercial opportunity in terms of 'Return on Capital Employed' for our sector remains elusive. It is hindered by the failure of too many prime vendors in a price deflation environment to grasp the high levels of inherent core values distribution brings in enabling the finance and logistics of their market penetration, reach and success. As usual we pay particular attention to cash management and we still retain a healthy cash balance of £9.64m at the period end. For further information, contact: Northamber Plc David Phillips Tel: 020 8296 7000 Charles Stanley Securities Philip Davies Tel: 0207 149 6000 This information is provided by RNS The company news service from the London Stock Exchange

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Northamber (NAR)
UK 100

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