GRMP Grampian

RNS Number:7641M
Grampian Hldgs PLC
23 June 2000


Contacts   Sir Donald MacKay, Chairman
           David McGibbon, Finance Director & Company Secretary
           Grampian Holdings plc              0141 357 2000

           David Bick
           Holborn Public Relations           0207 929 5599
                                 david.bick@holbornpr.co.uk                   
                                                                
           Tom Cassidy
           Media House                        0141 226 3700



Grampian Holdings plc

AGM STATEMENT

At the Annual General Meeting held today in Glasgow, the Chairman, Sir Donald
MacKay, made the following statement:

"In the annual report I noted that at EWM the spring season sales pattern as
compared to last year had been distorted by the very late Easter.  At that
time, sales for the first 12 weeks to mid April were down by 7.8% in total and
around 11% down on a like for like basis.  However, the Easter trading period
was satisfactory and I can report that the year to date sales for the first 20
weeks of the current year are now down by only 2.9% in total and 7% on a like
for like basis.  Whilst we regard these sales levels as disappointing, the
peak tourist season and our stronger second half in high street stores are yet
to happen.

"I would also highlight that as a result of continuing management focus the
improved retail margins I reported in April have been maintained.

"In The Malcolm Group, in the Construction Services sector activity levels
remain satisfactory.   In the Warehousing and Distribution division, activity
levels remain healthy, although the higher fuel costs, which I mentioned in my
report, have continued and this is having some impact on margins."

END

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