UK British books and stationery retailer WH Smith said today it would meet full year forecasts as its strategy to improve profit margins and cost savings continued to pay off.
The company issued a trading update today ahead of the publication of the firm's annual results in October.
It said its travel division - outlets at airports, railway stations, motorway service stations, hospitals and work places - had continued its good performance and was making further progress in winning new business both in Britain and overseas.
The company also has outlets in Dublin Airport's terminal two.
WH Smith said its high street business continued to deliver a solid performance despite a strong publishing schedule in the second half of the previous year which made comparatives tougher.
Analysts are forecasting a pre-tax profit of about £107m sterling for the 2012-13 year.
Steve Clarke took over from Kate Swann as chief executive on July 1. He was previously in charge of the high street division.
Clarke has continued Swann's strategy of offsetting the impact of a tough consumer environment and falling underlying sales with improved gross margins through better buying and a mix of more profitable products as well as cost cutting.
