Smiths News Plc reported interim management statement covering the 44 week period to 6 July 2013. For the period, the company reported total group revenues increased 0.7% year on year, boosted by the contribution from the acquisition of The Consortium in April 2012. Smiths News total revenues declined by 3.2% and by 4.6% on a like for like basis which remains consistent with previous medium term projections. Both newspaper and magazine performance is also in line with recent run rates and with expectations. Bertrams total revenues increased by 11.2% and by 2.0% on a like for like basis. New additional revenue from the recently launched direct to onsumer offer, Wordery, continue to grow, accounting for the majority of the positive total sales increase. The consortium total revenues declined 1.5% and increased by 1.4% on a like for like basis. Care sales continue to grow strongly off-set by a weak quarter in Education. The profit of the business unit remains in line with expectations. Due to the disposal of MMC on 30 April 2013, Media and Marketing total revenues declined by 6.9%. DMD continues to trade in line with expectations.

The group remains on track to deliver strong growth in profit before tax for the year to August 31, 2013.