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Reliance Worldwide Provides Trading Update

27 Jan 2021  |  08:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading update for six months ended 31 December 2020

Reliance Worldwide provided a trading update for the six months ended 31 December 2020. EMEA sales were up 9% (up 11% on a constant currency basis) with a recovery in sales following the relaxation of UK Government restrictions to control the spread of COVID-19 at the beginning of the period. Net debt reduction of $76m since 30 June 2020. Leverage reduced from 1.57 times to 0.88 times at 31 December 2020.

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