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Company Menzies(John) PLC
TIDM MNZS
Headline

Pre-close Trading Update

Released 07:00 02-Jul-2013
Number 3406I07

RNS Number : 3406I
Menzies(John) PLC
02 July 2013
 



2nd July 2013

 

John Menzies plc

 

Trading Update

 

 

John Menzies plc today issues a pre-close trading update ahead of its Interim Results announcement on 20 August 2013.

           

Trading performance at Menzies Aviation continues to track ahead of the same period last year due to positive momentum overall, particularly due to, our freight forwarding business AMI, the prior year re-structuring of cargo operations and ongoing operational efficiencies.

 

As previously indicated, magazine sales at Menzies Distribution have been weak in the first half of this year and, taking into account the one off benefits that occurred in the first half of 2012, this will result in a lower first half performance at this division. Cost management actions are in place for implementation in the second half.

 

There has been no material change in trading since the release of the Interim Management Statement on 17 May 2013 and our outlook for the full year remains unchanged and in line with the Board's expectation, although weighted towards the second half.

 

 

For further information contact:

 

Paula Bell, Group Finance Director, John Menzies plc

+44 131 459 8018

John Geddes, Group Company Secretary, John Menzies plc

+44 131 459 8180

Jonathon Brill/ Alex Beagley, FTI Consulting

+44 207 831 3113

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Pre-close Trading Update - RNS