Eclipse Blinds PLC - Chairman's AGM Statement
May 01 1998 - 8:05AM
UK Regulatory
RNS No 8629f
ECLIPSE BLINDS PLC
1st May 1998
ECLIPSE BLINDS PLC
Annual General Meeting
Trading Statement
Eclipse Blinds plc held its annual general meeting today and
Hamish Grossart, Chairman commented:
"I am pleased to report Eclipse has had a strong start to
1998. Sales in the first four months of this year from
continuing activities were up over 8% on 1997.
Business in the groups two principal markets - the UK and the
US - has been comfortably up to expectation, and with
important new products being launched in both markets this
year we are optimistic about the remainder of 1998.
In Europe, sales and operating results have been boosted by
the inclusion of OPM in Sweden which was acquired in October
of last year. Trading at OPM in the first four months of 1998
has been excellent.
The Group will also benefit from substantially reduced
interest costs in 1998 following the virtual elimination of
debt last year.
Eclipse is firmly focused on clear objectives in our three
theatres of operation - the UK, the US and Europe - and with a
full product launch programme, we remain confident that 1998
will show Eclipse continuing its excellent record of growth."
Contact:
Hamish Grossart, Chairman 0468 025209
Bill Macdonald, Managing Director 0141 812 3322
END
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