24 November 2004
Wednesday 24th November 2004
Investor and Analyst site visit
Umbro, the globally recognised football brand, is today hosting a site visit to
its Head Office in Cheadle for institutional investors and analysts.
The site visit will include presentations on Umbro's marketing strategy, the
international licensee network, the UK and US markets and new product
Trading continues as outlined at the time of the interim results announced on
Wednesday, 8th September 2004 and the Board remains confident of delivering
increased shareholder value.
The Board will update the analysts further on the following trading information:
• International wholesale equivalent sales have continued to grow during
the second half at 11% over 2003 at constant exchange rates. This is
marginally ahead of the growth achieved during the first half which
had benefited from the European 2004 Championship.
• In the USA the relationship with Footlocker is progressing well and Q1
2005 footwear orders are over 200,000 pairs which is equivalent to
that achieved for the whole of 2004. Umbro product is now sold from
1,200 doors. The USA strategic target is to achieve sales of $100m by
the end of 2008.
• The Q1 2005 orders for branded apparel, footwear and equipment in the
UK show an increase of 16% over 2004. This increase, boosted by the
success of Evolution X, underpins management's confidence that the
recent declining trends in the sales of branded goods in the UK will
be reversed in 2005.
• The 2005 order levels- for England home kit are, as expected, in line
with 2004 despite the fact that 2005 will be a non-tournament year
For further information or to obtain a copy of the presentations, please contact
Brunswick on 020 7404 5959.
Chief Financial Officer, Umbro plc
Tel: 0161 492 2115
Simon Sporborg / Emily Kerr
Tel: 020 7404 5959
Umbro is a globally recognised football brand with a strong heritage derived
from more than 70 years' association with the sport of football. Based in the
UK, where the Umbro business was founded in 1924, the Group designs, sources and
markets football-related products, which are sold in over 90 countries.
This information is provided by RNS
The company news service from the London Stock Exchange