Universe Group PLC
27 January 2004
UNIVERSE GROUP PLC
27 JANUARY 2004
Universe Group plc ('Universe' or 'the Company')
Universe is pleased to announce the year has ended well for each of the group's
businesses and the results for the year to 31 December 2003 are expected to be
broadly in line with market expectations.
HTEC continues to win new contracts in line with the Company's plan. It was
recently announced that John Henderson Ltd, the Northern Ireland franchisee of
Spar, Vivo and VG stores, is to roll-out HTEC's Hydrapos petrol forecourt system
across its stores, of which the Company expects to install Hydrapos into the
first 50 of their stores in 2004.
Restructuring of Master Change continues, with five shops closed in the last
year, as the division moves toward profitability - even with the continued
dearth of American tourists in Paris. Meanwhile First Remit continues to grow
its level of transactions in line with the Board's expectations.
Commenting, Ray Mackie - Group Chief Executive said 'We have seen continued
development across the Universe Group in 2003 and believe we will make further
progress during 2004'.
Universe Group will announce its results for the year to 31 December 2003 on
Tuesday 23 March 2004.
For further information:
Universe Group plc 023 8060 9510
Ray Mackie, Group Chief Executive
Charles Stanley & Co. Limited 020 7739 8200
This information is provided by RNS
The company news service from the London Stock Exchange