9 December 2011 – interim management statement

The home credit and motor finance group S & U has reported strong trading in the period from 1 August to 8 December.  Customer numbers in home credit continue to grow whilst debt quality continues to improve and the group approaches the important Christmas trading period with confidence.  The Advantage motor finance business has seen a 12% increase in customers compared with the previous year and sales growth remains strong.  Debt quality is at its highest level as new customers perform to the terms of their loans.  This is an encouraging statement and the shares remain a BUY.