Smiths News Set to Beat FY 2022 Market Views on Strong Levels of Sales, Demand

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By Sabela Ojea

Smiths News PLC said Thursday that its performance for the second half of fiscal 2022 was strong and it expects to end the financial year beating market views.

The newspaper and magazine wholesaler company said that it expects to close the year ended Aug. 27 with adjusted earnings before interest, taxes, depreciation and amortization of not less than 40 million pounds ($45.1 million).

The company saw historic sales of newspapers and magazines trends in the second half, and said that higher margins one-shots and ancillary revenue streams continue to benefit the overall margin performance for the full year.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix