Trading Update

RNS Number : 5101P

Ramsdens Holdings PLC

01 September 2017

 

1 September 2017

Ramsdens Holdings PLC

("Ramsdens", "the Company", "the Group")

Trading Update

Ramsdens Holdings PLC, the diversified financial services provider and retailer, is pleased to announce that the strong foreign exchange results in the early summer months gained additional momentum through the traditional peak period of July and August.  In addition, the Group is benefiting from its jewellery retail initiatives and these, along with the continued strong gold price, has helped the precious metals buying and pawnbroking segments.

As a result we expect our interim and full year profit before tax to be significantly ahead of market expectations.

Peter Kenyon, CEO of Ramsdens commented:

"We are delighted to report a strong trading period across all the Company's core business segments and in particular a strong peak trading period for foreign exchange. 

We have a trusted and recognised brand, a leading store portfolio, an exceptional team and a diversified offering. We look forward to further updating our stakeholders with our Interim Result results in late November."

Enquiries:

Ramsdens Holdings PLC	Via Hudson Sandler
Peter Kenyon, CEO Martin Clyburn, CFO
Liberum Capital Limited (Nomad)	Tel: [phone]
Richard Crawley Joshua Hughes
Hudson Sandler	Tel: [phone]
Alex Brennan Fern Duncan

This announcement contains inside information.

Cautionary statement regarding forward-looking statements

This announcement contains certain forward-looking statements. These forward-looking statements include matters that are not historical facts or are statements regarding the Group's intentions, beliefs or current expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies, and the industries in which the Group operates.

Forward-looking statements are based on the information available to the Directors at the time of preparation of this announcement, and will not be updated. The Directors can give no assurance that these expectations will prove to have been correct. Due to inherent uncertainties, including both economic and business risk factors underlying such forward looking information, actual results may differ materially from those expressed or implied by these forward-looking statements.

About Ramsdens

Ramsdens is a growing, diversified, financial services provider and retailer, operating in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery.

Headquartered in Middlesbrough, and from roots that can be traced back to the 1970s, the Group operates from 127 stores within the UK (including 3 franchised stores) and has a small but growing online presence.

In the last financial year, the Group served over 700,000 customers across its different services. Ramsdens is fully FCA authorised for its pawnbroking and credit broking activities.

https://www.ramsdensforcash.co.uk/

www.ramsdensplc.com

 

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