23 January 2004
23 JANUARY 2004
ULTRAFRAME Plc ('Ultraframe')
AGM TRADING UPDATE
Rod Sellers, the Chairman, will make the following statement regarding current
trading at the Annual General Meeting to be held at Clitheroe today:
'In the UK, turnover on continuing operations for the first quarter of the
current financial year was 8% below the same period last year, in line with the
sales trend for the first two months.
In North America, first quarter dollar sales in our core sunroom business were
3% up on the comparable period last year, with sales growth picking up in
December after a slow start to the financial year. The current order book is
ahead of the comparable period. Overall dollar turnover in North America for the
first quarter, including the downscaled commercial division, was up 1% on the
comparable period last year.
Our view of the outlook for Ultraframe in 2004 remains unchanged. While the
Board does not anticipate the growth in the US business to fully compensate for
an expected decline in sales in the UK market this year, it continues to be
confident in the attractive long-term fundamentals of the business.'
Ultraframe Plc 01200 443311
David Moore, Chief Executive
Alan Rothwell, Finance Director
Brunswick 020 7404 5959
Gill Ackers/Sarah Tovey
For further information please access our investor website at
Note: Operating results for the financial year ended 1 October 2004 will
represent 53 trading weeks (2003: 52 weeks) as previously announced.
Ultraframe, established in 1983, is the leading international designer and
manufacturer of conservatories and sunroom systems for domestic and light
commercial use. In Europe, the Group is primarily focused on the UK where it is
the industry leader in conservatory roof design and manufacture. In 1997
Ultraframe listed on the London Stock Exchange. In North America, the Four
Seasons business was acquired in 2001 and is the only nationally recognised
consumer brand for sunrooms in the US. The Group HQ team is based on the main UK
site in Clitheroe, Lancashire. Ultraframe employs 1,200 people worldwide and has
more US and European quality accreditations and patents as well as a broader
intellectual property base for its roofing and sunroom systems than any other
conservatory company. This ensures that the Group remains at the forefront of
quality and technological innovation with a reputation for excellence.
This information is provided by RNS
The company news service from the London Stock Exchange