RNS Number : 4549E
07 April 2011
Embargoed until 7am, 7 April 2011
7 April 2011
Carpetright plc, Europe's leading specialist carpet and floor coverings retailer, announces the following trading update.
In the Interim Management Statement on 1 February 2011, the Group reported that, as a result of tough trading conditions in the UK and Republic of Ireland, it expected underlying pre-tax profits for the year to 30 April 2011 to be below the level achieved in the year to 1 May 2010, although ahead of those achieved in the 2009 full year.
Since the date of that statement, difficult trading conditions have persisted in the UK and Republic of Ireland, with fragile consumer confidence producing a weak floor coverings market. As a result, we now expect underlying pre-tax profits for the year to 30 April 2011 will be broadly in line with the level of profits achieved in the 2009 full year.
A full update on trading for the year ended 30 April 2011 will be made as usual in the year end pre-close trading update on Wednesday 27 April 2011.
For further enquiries please contact:
Neil Page, Group Finance Director
Tel: 01708 802000
Citigate Dewe Rogerson
Kevin Smith / Lindsay Noton
Tel: 020 7638 9571
A copy of this trading statement will be available on our website www.carpetright.plc.uk today from 7.00am
Certain statements in this report are forward looking. Although the Group believes that the expectations reflected in these forward looking statements are reasonable, we can give no assurance that these expectations will prove to have been correct. Because these statements contain risks and uncertainties, actual results may differ materially from those expressed or implied by these forward looking statements. We undertake no obligation to update any forward looking statements whether as a result of new information, future events or otherwise.
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