Trading Statement
H1 2025 trading solid and on track with market expectations; long-term contracts secured through 2029.
vs expectations: in line
- Newspaper and magazine revenues under long-term contract 91%
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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 a trading update for the 26 weeks ended 1 March 2025 ("H1 2025" or the "Period").
The Board confirms a solid trading performance across H1 2025 and that the Company remains on track to deliver results for the year ending 30 August 2025 ("FY25") in line with market expectations1.
As previously stated, Smiths News has officially secured long-term contracts covering 91% of its newspaper and magazine revenues through to at least 2029, providing a solid foundation to support its medium-term growth ambitions. Smiths News continues to maximise its market-leading early-morning, end-to-end supply chain capabilities, and will provide a full update to shareholders at the half-year results in May 2025.
Notice of Results
The Company will announce results for the Period on Wednesday, 7 May 2025.
Analyst presentation
There will be a presentation for sell-side analysts taking place at 9.30am on Wednesday, 7 May 2025, hosted by Jon Bunting (CEO) and Paul Baker (CFO). For more details and to register attendance, please contact Vigo Consulting at smithsnews@vigoconsulting.com.
A copy of the presentation will be made available on the Smiths News website following the meeting: https://www.smithsnews.co.uk/investor-zone/investors/results-and-presentations/
Investor presentation
A webcast presentation of the Company's H1 2025 results will be hosted on the Investor Meet Company platform at 12.00pm on Wednesday, 7 May 2025. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00am on the day before the meeting, or at any time during the presentation.
Investors can sign up for free and add to meet Smiths News via the following link: https://www.investormeetcompany.com/companies/smiths-news-plc
1 Company compiled analyst consensus can be found on the Smiths News website: Analyst Consensus
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.