St. Ives 4Q Trading In Line With Views, Sees FY In Line

29th Jul 2010 07:41

LONDON (Dow Jones)--St Ives PLC (SIV.LN), a provider of printed products and solutions to the publishing, retail and commercial markets, said Thursday that trading in the final quarter has been in line with management expectations and market conditions are unchanged from those described in the June Interim Management statement. MAIN FACTS: -On track to meet expectations for the full year and, despite the tough trading conditions, made significant progress from the previous financial year. -Cash flows are strong and net debt remains low, despite funding the cost reduction program and the acquisition of Occam DM Limited. -Actions taken to date to reduce cost and extend the range of services offered, along with the company's strong financial position, will enable further progress to be made as the economic climate improves. -Continues to explore opportunities to reduce costs and improve efficiencies throughout its plants. -Further strengthened management across the group and in particular sales teams where significant resource has been recruited to support the company's ambitions going forward. -Shares closed Wednesday at 80.3 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 29, 2010 02:41 ET (06:41 GMT)