31 January 2011 – trading update

In a trading update for the year ended 31 December, the group has confirmed that its results for 2010 will be in line with expectations.  Group revenue has risen by 8% over the year, with the increase due to the successful integration of the wheeled bin manufacturing assets acquired from Helesi UK last year.  Now that the transformation of the group into a vertically integrated business is largely complete, Straight is now looking to expand its product offering both through product development and selective acquisitions.  The shares remain a BUY.