Smiths News PLC
LSE:SNWS
Smiths News PLC
Smiths News Plc engages in the wholesale of newspapers and magazines. The company is headquartered in Swindon, Wiltshire and currently employs 1,804 full-time employees. The company went IPO on 2006-08-30. The firm operates through its Smiths News segment. The Smiths News segment include Smiths News Core, Dawson Media Direct (DMD), Instore, Martin Lave and Rascal Systems. Smiths News Core is a distributor of newspapers and magazines to retailers across England and Wales. DMD supplies newspapers, magazines and inflight entertainment to airlines and travel points in the United Kingdom. InStore works with retailers, suppliers and publishers providing field-based merchandising and marketing, supply chain auditing and compliance solutions. Martin Lavell is a corporate news distributor, supplying newspapers and magazines to corporate and public sector customers. Rascal Systems works with retailers to simplify product management.
Smiths News Plc engages in the wholesale of newspapers and magazines. The company is headquartered in Swindon, Wiltshire and currently employs 1,804 full-time employees. The company went IPO on 2006-08-30. The firm operates through its Smiths News segment. The Smiths News segment include Smiths News Core, Dawson Media Direct (DMD), Instore, Martin Lave and Rascal Systems. Smiths News Core is a distributor of newspapers and magazines to retailers across England and Wales. DMD supplies newspapers, magazines and inflight entertainment to airlines and travel points in the United Kingdom. InStore works with retailers, suppliers and publishers providing field-based merchandising and marketing, supply chain auditing and compliance solutions. Martin Lavell is a corporate news distributor, supplying newspapers and magazines to corporate and public sector customers. Rascal Systems works with retailers to simplify product management.
Profit Growth: Adjusted operating profit rose to £20.4 million, up 6.8%, and profit before tax increased 11.8% to £17.1 million despite a challenging macro environment.
EPS Improvement: Earnings per share reached 5.6p, up 9.8% from last year.
Revenue Trend: Revenue increased by 1% year-on-year, reversing the gradual decline due to price increases and strong one-off event sales.
Debt Reduction: Average net debt dropped significantly by 55.3% to £26.3 million compared to last year.
Guidance Maintained: The company is on track to meet full-year expectations and has left its financial guidance unchanged.
Strategic Progress: 65% of sales revenue is now secured under improved contracts through at least 2029, and new profit streams like waste recycling and adjacent category supply are progressing.
