Driver Group – 85.5p

28th February 2013 – AGM statement

The positive trading momentum reported for the first quarter has continued into the second quarter. The operations in Africa and the Middle East continue the momentum of the previous years with very strong order books. The European region is benefiting from the successful integration of Trett and is performing at the top end of expectations. The shares have had a good run and no longer look cheap. However, if trading continues at this momentum then upgrades are likely and so we are maintaining our BUY recommendation.

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