In the first quarter, group sales were up 2% and profitability “well ahead of the same period in 2019”.
At its annual general meeting, said that demand levels in the second quarter are expected to fall to between 75% and 80% compared to the previous year. it added that the company is managing its cost based in line with the reduced levels of activity and that the second quarter would be “a profitable period of trading albeit well below that achieved in the first quarter”.
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