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Steady as she goes, Christian
Page 12
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CHRISTIAN SALVESEN — currently in preliminary talks with rival TDG over a possible merger —says its first-half profits are in line with expectations.
The firm, seen by many as rudderless since the departure of chief executive Edward Roderick, is on course to match the first half of 2003, when it made £10.1m on a turnover of £417m.
New contract wins have helped offset a poor performance in its vegetable processing business, where bad weather led to increased costs and lower tonnage The group also improved its performance on the Continent.
A spokesman stresses that merger talks with TDG are still at an early stage; the deal is far from certain. Rival Wincanton is also seen as a possible bidder.
Salvesen wilt announce its preliminary results for the six months to 30 September on 7 December.