Business
Pre-Close Trading Statement a
Pre-Close Trading Statement a.
About this update from Nichols Plc
[{"type":"text","content":"\n RNS Number : 9887Y Nichols PLC 06 January 2011 \n \n\n \n\n\n\n\nDate:\n\n\nEmbargoed until 07.00am, Thursday 6 January 2011\n \n\n\n\n\nContacts:\n\n\nJohn Nichols, Non-Executive Chairman\n\n\n\n\nBrendan Hynes, Group Chief Executive\nTim Croston, Group Finance Director\n\n\n\n\nNichols plc\n\n\n\n\nTelephone: 01925 222222\n\n\n\n\nWebsite:www.nicholsplc.co.uk\n\n\n\n\n \n\n\n \n\n\n\n\nAlistair Mackinnon-Musson\n\n\nMark Brady\n\n\n\n\nNathan Field\n\n\nBrewin Dolphin Ltd\n\n\n\n\nHudson Sandler\n\n\n(Nominated Adviser)\n\n\n\n\nTelephone:020 7796 4133\n\n\nTelephone: 0845 213 4729\n\n\n\n\nEmail: [email protected]\n\n\nWebsite: www.corporatefinance.brewin.co.uk\n\n\n\n\n \n \nNichols plc\nPre-Close Trading Statement and Board Changes\n \n\"Group profit significantly ahead of last year and ahead of current market expectations\"\n \n \nNichols plc, the soft drinks group, announces its Pre-Close Trading Statement and the appointment of Mr Eric Healey as a Non-Executive Director.\n \nPre-Close Trading Statement:\n \nI am pleased to report the excellent trading performance seen in the first half year has continued into the second half of 2010. This has been achieved against very strong comparatives in 2009. \n \nFull year 2010 revenues are once again well ahead of our internal plans, with operating margins that will be in line with plan. The Group's balance sheet has been strengthened and underlying cash generation will also be ahead of expectations.\n \nIn overall terms we expect the Group's profitability for the year to 31 December 2010 to be significantly ahead of last year and ahead of current market expectations.\n \nBoard Changes:\nMr Eric Healey (aged 62) has been appointed to the Board as a Non-Executive Director and he will chair the Audit Committee.\nEric was previously a Senior Audit and Independent Review partner at Grant Thornton LLP, and chair of its Audit Committee. He will be replacing our current Non-Executive Director, John Bee, who has served since 2002 and has stepped down to enable the Board to be refreshed in line with 'Best Practice'. \n Commenting John Nichols, Non-Executive Chairman, said:\n\"On behalf of everyone at Nichols, I would like to place on record our sincere thanks to John ...