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Economic uncertainty yet to affect BSS

The BSS Group have issued their interim management statement for the period from October 1 2007 to January 31 2008.
Trading performance, say the group. continues to show resilience and is currently “in line with our expectations” they say. And, encouragingly, the economic uncertainty that has affected the financial markets in recent months has so far had no tangible impact on the group’s trade.

This is due, in no small part, to the fact that the company focuses on the repairs and maintenance markets and has limited exposure to the new build housing market. This means that a large proportion of BSS’ revenue is directly related to non-discretionary spend.

The outlook, say the Board, continues to be positive they remain confident that the group will “at least meet its expectations for the second half.”

The group’s preliminary results for the year ending March 31 2008 will be announced on May 28.

About Fiona Russell-Horne

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

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