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Havelock Europa PLC (HVE)

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Thursday 28 June, 2012

Havelock Europa PLC

AGM Statement

RNS Number : 3666G
Havelock Europa PLC
28 June 2012



("Havelock" or the "Company")

AGM Statement



Malcolm Gourlay, the Chairman of Havelock Europa (HVE.L), the retail and educational interiors group, made the following statement at the Annual General Meeting today.


The Group continues to make encouraging progress in a challenging economic environment. Orders received during this year show an increase on the comparable period last year and these bolster an order book which started the year at a higher level. The recently signed framework agreements account for the bulk of the increase, with business being won in both the commercial and educational sectors. Activity levels continue to grow, particularly outside the UK. Our efforts to win new business continue and we are confident that these efforts will convert into further activity in the future.


The Company intends to announce its Interim Results for the six months to 30 June 2012 in September. At present the Company is trading in line with its expectations.


Following the completion of the sale of Showcard Print in April this year, our debt levels are much reduced and remain comfortably within our bank facilities.


As announced in the Annual Report, I shall be retiring from the Board of Havelock at the end of today's meeting and David Maclellan will be taking on the Chairmanship of the Board.  May I take this opportunity to wish David, his board colleagues, the management and the staff at Havelock all success in returning the Group to sustainable profitability and in rebuilding shareholder value.





Havelock Europa

01383 820044

Eric Prescott, Chief Executive

Grant Findlay, Finance Director



James Grace

Keith Anderson


020 7597 4000



Cardew Group

020 7930 0777

Rob Ballantyne

Shan Shan Willenbrock



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