TIDMHLS 
 
RNS Number : 4758Q 
Helesi PLC 
04 August 2010 
 

4 August 2010 
 
                                   Helesi PLC 
                           ("Helesi" or "the Company") 
 
                                 Trading update 
 
Helesi (AIM: HLS), the Greece, Italy and Cyprus based waste management products 
manufacturer and services supplier, announces a trading update for the six month 
period to 30 June 2010. 
 
In its preliminary results for the year to 31 December 2009, announced on 22 
April 2010, Helesi stated that it expected that 2010 would be another difficult 
year and that the principal focus would be on generating cash to reduce the 
level of indebtedness. 
 
The first half of 2010 has indeed been challenging, particularly in Greece, as 
markets continued to be very competitive and some activity was constrained by 
the hiatus in the availability of Government finance.  For the six months to 30 
June 2010, the Company expects to report revenue of approximately EUR25 million 
(2009: EUR39.2 million) and an EBITDA of approximately EUR3 million (2009: EUR7 
million). Reported revenues are lower due to reduced activity in the market 
place and a focus on more profitable business.  The Company continues to be 
managed tightly in the current environment, with an ongoing focus on cost 
reduction including the elimination of some personnel costs. 
 
The strenuous efforts of the Company to reduce net debt have been hampered by 
the weak financial position of the principal countries in which Helesi operates. 
 As a result, net debt stood at approximately EUR73 million as at 30 June 2010 
(2009: EUR70.7 million).  Helesi continues to work closely and cooperatively with 
its banks to extend the maturity of its debts The Board remains confident that 
the level of indebtedness will start to fall in the second half, as it expects 
cash from receivables to be collected, including part of the EUR9.3 million of 
outstanding grants from central and local governments. 
 
The Company will be reporting interim results in mid September when further 
detail will be given on the first half of 2010 and the outlook for the remainder 
of the year. 
 
 
For further information please visit www.helesi.com or contact: 
 
+---------------------------------------+-------------------------+ 
| Helesi PLC                            | + 30 210 60 48 393-4    | 
+---------------------------------------+-------------------------+ 
| Sakis Andrianopoulos, Chief           |                         | 
| Executive,                            |                         | 
+---------------------------------------+-------------------------+ 
| Ioannis Tolias, Finance Director      | itolias@helesi.com      | 
+---------------------------------------+-------------------------+ 
|                                       |                         | 
+---------------------------------------+-------------------------+ 
| Panmure Gordon                        | +44 (0) 20 7459 3600    | 
+---------------------------------------+-------------------------+ 
| Andrew Godber, Katherine Roe          |                         | 
+---------------------------------------+-------------------------+ 
|                                       |                         | 
+---------------------------------------+-------------------------+ 
| Tavistock Communications              | + 44 (0) 20 7920        | 
|                                       | 3150                    | 
+---------------------------------------+-------------------------+ 
| Simon Hudson                          | shudson@tavistock.co.uk | 
+---------------------------------------+-------------------------+ 
| Lydia Eades                           | leades@tavistock.co.uk  | 
+---------------------------------------+-------------------------+ 
 
About Helesi 
Helesi is a specialist designer and manufacturer of plastic products mainly for 
use in the waste management industry and a provider of waste management 
services.  Its activities comprise: 
·      the design and manufacture of plastic waste containers including 2 and 4 
wheeled bins, pre-sorting bins and the full range of EN 840 standard containers; 
·      the provision of waste management services (waste collection, container 
washing, street sweeping and recyclable materials collection). 
·      the design and manufacture of material handling plastic products (pallet 
boxes and crates) for agricultural, domestic and industrial use and other 
injection-moulding plastic products such as fish crates, and stadium seats; 
·      the supply of special vehicles and equipment for the waste management 
industry; and 
·      the recycling of used tyres 
 
Demand for Helesi's products and services in developed waste management markets 
is driven by increasingly stringent regulation on waste management and 
recycling. Growing demand is also being experienced in developing countries, 
which are looking to establish centralised and orderly waste management 
services. Helesi has developed a strong market position in both the developed 
waste management markets of Western Europe as well as in the high growth markets 
of South-eastern Europe, the Mediterranean and the Middle East. With sales in 52 
countries, the Company derives more than 70% of its waste container revenue 
internationally. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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