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BSS encouraged by first half figures

The BSS Group announced “encouraging” revenue at its AGM last week, with the company “showing good levels of growth over last year with gains spread across the whole Group”.

BSS encouraged by first half figures

The performance statement relates to the 16 weeks of the new financial year, representing the period April 1 to July 23 this year.

The company said that its domestic division is on target to open 30 new PTS branches this financial year. Nine have opened in the year to date. “Sales into the renewable energy market are growing and the wholesale channel is performing well in a robust market,” said the company.

The industrial division also continues to trade well say BSS, “helped by positive market conditions with sustained levels of large project work and trade counter sales continuing to deliver solid underlying growth.”

A new linear product distribution centre remains on track for opening in August 200d and, say BSS, “we are confident that this facility will improve stock availability and service levels to our customers”.

Following the acquisition of Buck & Hickman in April, the newly formed specialist division has made excellent progress. Buck & Hickman is undergoing a restructuring, including reducing costs and a re-alignment to improve sales focus. The first trade counter has been re-opened at the company’s Birmingham branch. And, says the company, “We are confident that Buck & Hickman will achieve its financial goals and deliver value to our shareholders.

“Given encouraging current market conditions and the performance of our trading

divisions, the board remains confident of further growth throughout the current

financial year in line with its existing expectations.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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