GPG
13/05/2010
GENERAL
REL: 0830 HRS Guinness Peat Group Plc
GENERAL: GPG: Guinness Peat Group PLC Interim Management Statement
In accordance with Regulations affecting companies with shares listed on the
London Stock Exchange ("LSE") we attach herewith for information only a copy
of an Announcement made on the LSE today.
Chris Healy
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370
12 May 2010
GUINNESS PEAT GROUP PLC
Interim Management Statement
Guinness Peat Group plc ("GPG") today publishes its interim management
statement ("IMS") covering the period from 1 January 2010 to 12 May 2010.
This IMS has been prepared solely to provide additional information to
shareholders to meet the requirements of the UK Listing Authority's
Disclosure and Transparency Rules.
The financial information on which this statement is based has not been
reviewed or reported on by GPG's auditors.
Financial Position
As stated by the Chairman at the Annual General Meeting on 7 May 2010 GPG's
financial position continues to be strong. Net asset backing per share is
currently 55p per share (54p per share at 31 December 2009).
Coats
Coats' performance in 2010 has benefited from the improvement in the global
economy and sales overall are ahead of the previous year. In the Industrial
Division's markets, increased activity has improved performance in all
regions compared to 2009.
The restructuring process in Europe has resulted in better trading results
for the Crafts division.
Coats continues to manage its working capital and debt position effectively.
Chris Healy
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370
12 May 2010
End CA:00194823 For:GPG Type:GENERAL Time:2010-05-13:08:30:25