TIDMDVSG

RNS Number : 2397Y

Davis Service Group PLC

20 December 2010

FOR IMMEDIATE RELEASE 20 December 2010

THE DAVIS SERVICE GROUP PLC

Pre-close trading update

The Board of The Davis Service Group Plc ("the group") issues the following statement before entering its pre-close period and prior to its preliminary results announcement, which is expected to be issued on 25 February 2011.

The trading conditions set out in our Interim Management Statement dated 2 November 2010 remain unchanged. On 3 December 2010 the Group announced the disposal of Bjornklader AB, its Swedish direct sales business for GBP28.5 million, which is expected to be received before 31 December 2010.

The Group has continued to deliver against its priorities for this year of further improving its operational efficiency, delivering a strong free cash flow, which is benefiting interest, and maintaining a robust balance sheet. The Board is confident of delivering on its expectations.

For further information contact:

 
 Kevin Quinn, Finance Director   Telephone 020 7269 
  Telephone 020 7259 6663         7186 
 The Davis Service Group Peter    Financial Dynamics 
  Ventress, Chief Executive       Richard Mountain

Notes:

1. Davis Service Group is a focused European textile maintenance business with leading positions in most of the countries in which it operates. As a focused business we are able to mobilise our resources to drive our strategies in our core area of expertise.

2. Sourced from management accounts; operating profit before exceptional items and amortisation of customer contracts and intellectual property rights.

3. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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