Havelock Europa PLC
08 April 2008
Tuesday 8 April 2008
HAVELOCK EUROPA PLC
Interim Management Statement
Havelock, the Educational and Retail Interiors and Point of Sale Group,
announces its Interim Management Statement relating to the period since 1
In the first quarter, order intake was £36.4 million (2007: £25.6 million).
Revenues are in line with expectation but slightly lower than the first quarter
of 2007, reflecting the completion dates of some larger contracts.
The Group's financial position remains robust and in line with expectation. Net
debt is showing a normal seasonal increase over the level at 31 December 2007
due to the build up of working capital supporting work in hand.
Further comments on trading in the current financial year are set out in the
Preliminary Announcement of results for the year to 31 December 2007, which has
also been released today. The Group remains on track for a further year of
progress although, as usual, it is expected that the great majority of its
profits will be earned in the second half of the year.
Havelock Europa PLC 01383-820 044
Hew Balfour (Chief Executive) 07801-683 851
Grant Findlay (Finance Director) 07768-745 960
Bankside Consultants Limited
Charles Ponsonby 020-7367 8851
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