REG - Colefax Group PLC - AGM Statement

ColefaxAnnouncement

18/09/2019 07:05

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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