Smith News: The business has made a good start to year

UK news wholesaler and a provider of early morning end-to-end supply chain solutions, Smiths News, today announces unaudited interim results for the 26 weeks ended 1 March 2025.

 Financial highlights:

  Outlook

•         Ongoing internal investment programme to support delivery of the Company’s core capabilities, including the roll out of a new warehouse management system to other key depots across Smiths News footprint

•         Stable performance from news and magazines business underpinning HY2025 performance and on track to deliver c.£5m of cost savings in FY2025

•         Growth initiatives are progressing well across all three key target verticals, supported by Smiths

News’ unrivalled expertise in warehousing, reverse logistics and early morning final mile services

•         Management remains focused on leveraging the Company’s high-density UK delivery network with trading for FY2025 in line with market expectations

Jonathan Bunting, Chief Executive Officer, commented:  “The business has made a good start to year with Smiths News on track to deliver full year results in line with market expectations.

“The News and Magazines business continues to underpin our growth ambitions, as we seek to further leverage our early morning supply chain expertise and expand our offering.

“Having now renewed over 91% of our existing publisher contract revenues through to 2029, not only does this provide the business with excellent visibility across the medium term but provides an enviable platform to deliver additional stakeholder value.”