2 Jul 2013 07:00
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 |