Information  X 
Enter a valid email address

Umbro PLC (UMB)

  Print      Mail a friend       Annual reports

Monday 05 December, 2005

Umbro PLC

Investor & Analyst Site Visit

Umbro PLC
05 December 2005

Monday 5 December 2005

                        Investor and Analyst Site Visit

Umbro, the globally recognised football brand, is today hosting a site visit to
its showroom in London for institutional investors and analysts.

The site visit will include presentations on Umbro's marketing strategy, new
product developments, the international licensee network, the recent China Joint
Venture and the UK and US markets.

Trading continues as outlined at the time of the interim results announced on
Wednesday 7 September, 2005.

The Board will update the analysts further on the following trading information:

  • Across the international licensee network (excluding USA) sales trends
    outlined at the interims have continued in the second half, with year to
    date wholesale equivalent sales 4.7% ahead of 2004 (at constant exchange
    rates and excluding the one-off luggage promotion in 2004).
  • In the USA, sales of footwear in 2005 have increased three-fold to
    670,000 pairs primarily through Footlocker. In contrast to the rapid growth
    in 2005, efforts for 2006 are being directed towards greater emphasis on
    Umbro centrally inspired products and the development of signature products
    for new distribution channels.
  • The Joint Venture in China announced in October is progressing well;
    sales to date are 63% ahead of 2004 with full year expectations in excess of
    US$30m. Mid term targets for China are for sales of US$100m buoyed by the
    favourable demographics and the potential to rapidly increase the number of
    distribution points.
  • In the UK, later call off of orders by retailers, whilst having no
    impact on expected sales for the year or long term cash flow, will increase
    year end debtors impacting cash flow in 2005 by up to £17m.
  • The 2006 order book for England licensed product is building well and is
    already ahead of the actual sales for 2004 (the previous tournament year),
    with sales expectations for 2006 in excess of 20% over 2004. This reflects
    an anticipated further small increase in replica kit sales, a significant
    increase in sales of England Associated products and the penetration of
    additional distribution for the Three Lions product.
  • Mid 2006 will see the launch at retail of two new product ranges, u by
    Umbro and Philip Treacy for Umbro, aimed at increasing the brand's presence
    in the sports lifestyle market.

Looking across the business as a whole, the business is well positioned as it
moves into 2006, a World Cup year, and the Board remains confident of delivering
increased shareholder value.

For further information or to obtain a copy of the presentations, please contact
Brunswick on 020 7404 5959.


Geoff Haslehurst
Chief Financial Officer, Umbro plc
Tel: 0161 492 2114

Simon Sporborg
Brunswick Group
Tel: 020 7404 5959

Umbro is a globally recognised football brand with a strong heritage derived
from more than 80 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