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Huveaux reiterates profit forecast

13.11.07 Alison Flood

Letts owner Huveaux announced this morning that it expects its trading EBITDA for 2007 to be in the range of £6m to £7m; analysts had previously forecast profits of more than £7.1m. The news comes the day after Huveaux revealed that it is in "detailed discussions" with August Equity about a possible offer, having received preliminary approaches from a number of private equity houses last month.

Huveaux said this morning: "Discussions are at a very early stage and there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made."

It added: "Following the announcement that there will not be a General Election in 2007, the board is confident that the company will deliver its usual strong performance in the final quarter of the year. However, the board now expects trading EBITDA for the year to 31st December 2007 to be in
the range of £6m to £7m."

Alison Flood Letts Huveaux

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