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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2001
Enodis plc
Washington House, 40-41 Conduit Street
London W1S 2BF, United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F: X Form 40-F: _____
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Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes: _______ No: X
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On January 17, 2001, the Registrant announced the following at its annual
general meeting of shareholders:
Food Equipment Division
The results of the Food Equipment Division for the first quarter of the
financial year ending 30 September 2001 reflect the continuing impact on our US
Retail business of a store closure programme at a major account, as previously
stated in November, together with much weaker market conditions. In addition,
sales in our Food Service Equipment businesses have been held back by high
inventory levels at dealers at the end of last year.
The performance of our Specifications and Chains businesses in North America is
encouraging whilst that in other smaller segments and regions is more mixed. The
declining trend in the Beverage market appears to be flattening.
Management is taking firm action to reduce costs including elimination of
surplus capacity in Retail. In addition we are achieving further significant
cost savings through our Group Purchasing initiatives. These actions will mainly
benefit the second half.
We are continuing to see increasing momentum in cross selling and encouraging
opportunities for Integrated Solutions Packages for customers. At the same time
we are exploiting opportunities to build market share and deliver synergy
benefits across our Food Equipment businesses.
Principally as a result of the shortfall in the Retail business, which last year
made operating profit of (Pounds)11.7m in the first half and (Pounds)5.8m in the
second, the first half operating profit of the Food Equipment Division is likely
to fall some way short of the strong performance of the previous year.
Nevertheless, although the outlook for Retail continues to be somewhat
uncertain, good progress is expected from the Food Equipment Division in the
second half leading to an improvement for the year as a whole.
Consumer & Building Products Division
The Consumer and building Products Division continues to trade well and ahead of
the prior year; trading during the January sale has been in line with our
expectations.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ENODIS PLC
/s/ Andrew J. Allner
January 17, 2001 By: _____________________
Name: Andrew J. Allner
Title: Chief Financial Officer
