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Berendsen plc Trading Update 13 December 2011.
Current Trading
Since its Interim Management Statement of 28 October 2011, the Group has continued to trade in line with its expectations. We are seeing good growth in the Nordic region, especially in Sweden, and in our Continent region, Holland and Poland are performing particularly well. In the UK we continue to grow more modestly. Margin improvements are being delivered and our free cash flow conversion remains strong.
Strategic Review
Implementation of the Strategic Review we announced in November 2010 is progressing well and we have accelerated a number of the initiatives we planned for 2012, particularly the restructuring of our Manage for Value businesses and the rationalisation of the sales force in our core growth businesses, as we drive for ever greater efficiency.
Outlook
With trading in line with expectations, the Board expects to report good year-on-year progress for the full year 2011.
Download the entire Berendsen plc Trading Update 13 December 2011 here.
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