RNS Number : 8438H
Harvard International PLC
02 March 2010
 



Harvard International plc

Trading Update

Harvard International plc ("Harvard", "the Company" or "the Group") distributes digital media products in the UK and a broad range of consumer electronic products in Australia

Despite the continuing difficult global economic environment and challenging market conditions, demand for consumer electronic products, particularly digital media, has held up relatively well. As a result of this, together with the progressive benefits accrued through both a more focussed product range and operational restructuring, the Group expects that results for the current financial year, ending 31st March 2010, will be in-line with  the Company's expectations. 

As announced with the Interim results the management have been undertaking a Business Review and expect to report on this before the end of May 2010. The Business Review is expected to set out the road map for the Group's future commercial strategy and define an appropriate level of capital required to support the new commercial strategy.  

The strength of consumer demand, in both UK and Australia remains difficult to predict and as such the Board remains cautious on the outlook for the next financial year.

2nd March 2010

ENQUIRIES:

Mike Ashley, Chief Executive                                                                                                    Tel: 020 8238 7650

Colin Grimsdell, Finance Director                                                                                            Tel: 020 8238 7650

Anthony Parker, Analyst & Media Communications                                                        Tel: 07791 201 467

 

 


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