LONDON, Sept. 25, 2003 (PRIMEZONE) -- Enodis plc (NYSE:ENO) (LSE:ENO) makes the following statement ahead of its close period, which commences on 29 September 2003 and ends on the announcement on 18 November 2003 of its preliminary results for the 52 week period ending 27 September 2003:
The overall trading performance in Q4 2003 is in line with our expectations at the time of our Q3 2003 results announcement, issued on 5 August 2003.
We are pleased to confirm completion of a further phase of our Felsted property as planned in Q4 2003. This, along with operating cash flow, has resulted in continued progress in net debt reduction.
This press release contains "forward-looking statements," within the meaning of the U.S. federal securities laws, that represent the Company's expectations or beliefs regarding future events, based on currently available information, including statements concerning its anticipated performance. These statements by their nature involve substantial risks and uncertainties, many of which are beyond the Company's control. The Company's actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, including the Company's substantial debt obligations and restrictive covenants; susceptibility to regional economic downturns; the results of cost reduction and restructuring measures; currency fluctuations; large customer order slowdowns and other risks related to its U.S., U.K. and foreign operations; keen competition in its fragmented and consolidating industry; and the other risk factors and more complete descriptions of these factors found under "Risk Factors" in the Company's Form 20-F, filed with the SEC in December 2002 and in our more recent Form 6-K reports furnished with the SEC.
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