Business
Pre-Close Trading Update
Pre-Close Trading Update.
About this update from Wilmington Plc
[{"type":"text","content":"\n Wilmington Group Plc\n20 July 2007\n\n\n 20 July 2007\n\n\n WILMINGTON GROUP PLC\n\n PRE-CLOSE PERIOD STATEMENT\n \n \n\nWilmington Group plc ('Wilmington' or the 'Group'), the professional information\nand training group, today issues its pre-close period statement in respect of\nthe year to 30 June 2007. \n\nTrading performance for the year to 30 June 2007 is anticipated to be in line\nwith the Board's expectations and, boosted by acquisitions, significantly ahead\nof the year to 30 June 2006. This reflects the continued success of our strategy\nof focussing on selected professional business markets where we can develop a\nrange of complementary information and training activities.\n\n\nWe anticipate that strong growth in both turnover and profits will come from all\nour core divisions where excellent progress has been made. The information and\npublishing activities have continued to benefit from the growth in e-revenues\nand are expected to produce excellent levels of profitability. Our training\nbusinesses are expected to have generated profits at the higher end of the\nBoard's expectations with strong performances from all major business areas.\n\nWe announced on 6 June 2007 that the Board had conducted a strategic review of\nthe business and concluded that Wilmington should focus on its core Professional\nMarkets business and dispose of non core activities. The Board has been pleased\nwith the initial level of interest it has received from prospective buyers and\nlooks forward to the successful conclusion of the sale process. As a part of\nthis process Wilmington sold WDIS, its circulation management business, in May\n2007. The performance of these non-core businesses are required to be shown as\ndiscontinued in the results for the year ended 30 June 2007.\n\nElsewhere in the Group the process of investing in the launch of new products\nand the ongoing development of new initiatives continues. We continue to pursue\nour strategy of concentrating on our core professional markets and developing\nclusters of complementary activities within these markets.\n\nThe Board is pleased to announce that International Compliance Training, a\nbusiness within its CLT Group (Legal & Regulatory division), has been asked to\nassist in developing a significant range of training and assessment programmes\nfor the International Complia...