REG - Smiths News PLC - Trading Statement

Smiths NewsAnnouncement

16/01/2025 07:00

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RNS Number : 4809T  Smiths News PLC  16 January 2025

16 January 2025

Smiths News PLC

("Smiths News" or the "Company" or the "Group")

 

Trading Update

 

Smiths News, (LSE: SNWS), the UK's largest news wholesaler and a leading
provider of early morning end-to-end supply chain solutions, today provides
shareholders with an update on trading ahead of its Annual General Meeting
taking place this morning.

 

The Board confirms that trading for the year ending 30 August 2025 ("FY25")
remains in line with market expectations(1).

 

The Company also confirms that, subject to shareholder approval at the AGM
later today, it will pay a final dividend of 3.4p and a special dividend of
2.0p to shareholders on 6 February 2025 in a manner consistent with the
Group's capital allocation policy, bringing the total for FY2024 to 7.15p per
ordinary share held.

 

As previously announced, following the signing of an agreement with Reach PLC,
Smiths News has now formally secured long-term contracts representing 91% of
its newspaper and magazine revenues to at least 2029, providing a strong
foundation to support its growth ambitions in the medium-term.

 

Furthermore, the Company continues to leverage its leading early-morning,
end-to-end supply chain market capabilities and management look forward to
providing an update at the half year results.

 

Jon Bunting, Chief Executive Officer of Smiths News, commented:

 

"The business has continued to perform well since the start of the year, and
we remain on track to meet market expectations.

 

"Alongside ensuring we continue to deliver a first-class service to our
newspaper and magazine customers, we remain focused on further capitalising on
our proven early morning capabilities in order to further enlarge our
operational footprint.

 

"I look forward to updating shareholders on our progress at the half year
results in May."

 

 

(1)  Company compiled analyst consensus can be found on the Smiths News
website: Analyst Consensus
(https://www.smithsnews.co.uk/investor-zone/investors/consensus-and-key-metrics/)

 

 

For further information, please contact:

 

 Smiths News PLC                                      via Vigo Consulting

 Jonathan Bunting, Chief Executive Officer

 Paul Baker, Chief Financial Officer

 www.smithsnews.co.uk (http://www.smithsnews.co.uk)

 Vigo Consulting                                      Tel: +44 (0) 20 7390 0230

 Jeremy Garcia / Fiona Hetherington / Verity Snow

 smithsnews@vigoconsulting.com

 

About Smiths News

For over 200 years, Smiths News has been delivering newspapers to retailers
across the UK. It distributes newspapers and magazines on behalf of the major
national and regional publishers, delivering to approximately 22,500 customers
across England and Wales on a daily basis. The speed of turnaround and the
density of Smiths News' coverage is critical to one of the world's fastest
physical supply chains.

 

For more information, please visit: www.smithsnews.co.uk
(http://www.smithsnews.co.uk)

 

Person responsible for arranging release of this announcement:

Stuart Marriner, General Counsel & Company Secretary

Smiths News plc, Rowan House, Cherry Orchard North, Kembrey Park, Swindon SN2
8UH

Email: cosec@smithsnews.co.uk

 

 

 

 

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