Information  X 
Enter a valid email address

Colefax Group PLC (CFX)

  Print      Mail a friend       Annual reports

Thursday 13 September, 2018

Colefax Group PLC

AGM Statement

RNS Number : 6127A
Colefax Group PLC
13 September 2018
 

 

AIM: CFX

13 September 2018

 

 

COLEFAX GROUP PLC

 

("Colefax" or "the Group")

 

AGM STATEMENT

 

Colefax will be holding its Annual General Meeting at 11am this morning and David Green, Chief Executive, will make the following comment on current trading:

 

"Since we announced our year end results in July the Group's sales have performed in line with expectations.

 

In the Group's core Fabric Division, sales in the US for the four months to 31 August increased by 4% on a constant currency basis. The US is our major market accounting for approximately 60% of Fabric Division sales. In the UK, sales for the four months to 31 August decreased by 3% and in Europe sales for the four months to 31 August decreased by 5% on a constant currency basis.

 

We have just entered our important autumn selling season and whilst we are optimistic about continued growth in the US, we expect trading conditions in the UK and Europe to remain relatively challenging."

 

 

 

Enquiries:

Colefax Group plc

David Green, Chief Executive

Tel: 020 7318 6000


Rob Barker, Finance Director


KTZ Communications

Katie Tzouliadis  

Emma Pearson

Tel: 020 3178 6378

Peel Hunt LLP

(Nominated Advisor

And Broker)

Adrian Trimmings

George Sellar

Tel: 020 7418 8900

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
AGMLTMFTMBIBBPP

a d v e r t i s e m e n t