AGM Statement
24 April 2003 - 8:00PM
UK Regulatory
RNS Number:3238K
Aggregate Industries PLC
24 April 2003
Embargoed until 10.00am - Thursday, 24 April 2003
AGGREGATE INDUSTRIES PLC
AGM Statement - 24 April 2003
Speaking at the company's annual general meeting today, Aggregate Industries'
chairman Lord Fowler said:
"Global uncertainties continue but our view of the overall outlook for Aggregate
Industries for 2003 is unchanged since we issued the preliminary announcement on
3 March.
"In the US the winter has been harsh. Heavy snow in three of our regions and
lower temperatures elsewhere have delayed the start of operations. Nevertheless
backlogs are good and we remain confident that work which has been deferred can
be caught up by the year end. This means that we expect the US profit earned in
the first half to represent a smaller proportion of the full year's profit when
compared with last year.
"The UK business has made a good start to the year with activity at the levels
we anticipated. Our Bradstone operations, in particular, have benefited from the
recent good weather and are experiencing high levels of demand. We remain
confident that some volume and price improvement will be achieved by the UK
business in 2003.
"Meanwhile our balance sheet remains strong, we continue to reduce our cost
base and we remain alert to opportunities to add businesses which make positive
contributions to Group earnings.
"We anticipate making further progress during the year."
- ENDS -
Further information about Aggregate Industries can be found at www.aggregate.com
Contacts: Peter Tom, Group Chief Executive
Chris Bailey, Group Finance Director
Aggregate Industries plc Tel: 01530 816600
Steve Jacobs/Meg Baker
Financial Dynamics Tel: 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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