Information  X 
Enter a valid email address

Findel PLC (STU)

  Print      Mail a friend       Annual reports

Thursday 26 July, 2018

Findel PLC

AGM Trading Statement

RNS Number : 7966V
Findel PLC
26 July 2018
 

 

 

 

 

26 July 2018

 

Findel plc ("Findel" or "the Group")

 

Annual General Meeting and Trading Statement

 

Findel, the online value retailer, will hold its Annual General Meeting at 2pm today. Ahead of that meeting the board gives the following update on trading for the 16-week period to 20 July 2018.

The Group has made a strong start to the year. Both businesses traded in line with expectations with total revenue up by c.8.5%.

 

Express Gifts, the Group's largest business, grew revenue by c.11% in the period driven by customer recruitment and, on an annualised basis, online ordering levels rose from 68% at the year end to 70%. This performance provides a strong platform ahead of the peak trading period later in the year.

 

Education saw its total revenue stablise in this period, with its customer base increasing for the first time in several years. Online ordering levels have also risen since the end of the year reaching 55% in recent weeks.

 

The Group has recently secured a one-year extension to its revolving bank facility, which will now mature on 31 December 2020.

             

 

 

Enquiries

 

Findel plc

Stuart Caldwell

Phil Maudsley

0161 303 3465

 

Tulchan Communications LLP

Catherine James

Will Smith

020 7353 4200

 


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
 
 
TSTUVSBRWWABUAR

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