Article date: 24 June 2002
Lex Service PLC (Lex), the motoring and vehicle solutionscompany, will announce its interim results for the six month periodending 30 June 2002 on July 23rd.
Lex will conduct its normal half year round up meetings withanalysts in the coming week.
The protracted negotiations with Paccar over the possible extensionof Lex Multipart's contract to distribute DAF parts remainunresolved. As this contract now has less than a year to run weexpect an outcome shortly.
The company continues to perform broadly in line with the statementissued at the Annual General Meeting on April 25th. Profits are inline with expectations and ahead of the same period last year, dueto the contribution from RAC Auto Windscreens which was acquired inthe second quarter of 2001. Improved results are expected in thesecond half as the actions that have already been taken becomeeffective.
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