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Colefax Group PLC (CFX)

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Wednesday 18 September, 2019

Colefax Group PLC

AGM Statement

RNS Number : 6797M
Colefax Group PLC
18 September 2019
 

AIM: CFX

18 September 2019

 

 

COLEFAX GROUP PLC

 

("Colefax" or "the Group")

 

AGM STATEMENT

 

 

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

 

"Since we announced our year end results in July, trading conditions have remained challenging in most of our major markets.

 

"In the Group's core Fabric Division, total sales for the four months to 31 August decreased by 1% but by 5% on a constant currency basis. In the US, which is our largest market, sales decreased by 5% on a constant currency basis, compared to a 4% increase for the same period last year. In the UK and Europe, sales decreased by 3% on a constant currency basis.

 

"We have just entered our important autumn selling season and based on current trends we remain cautious about the outlook for the full year."

 

 

 

Enquiries:

Colefax Group plc

David Green, Chief Executive

Tel: 020 7318 6000


Rob Barker, Finance Director


KTZ Communications

Katie Tzouliadis  

Dan Mahoney

Tel: 020 3178 6378

Peel Hunt LLP

(Nominated Advisor

And Broker)

Adrian Trimmings

George Sellar

Tel: 020 7418 8900

 

 


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