REG - Colefax Group PLC - AGM Statement <Origin Href="QuoteRef">CFX.L</Origin>

ColefaxAnnouncement

29/10/2014 12:22

RNS Number : 8604R
Colefax Group PLC
17 September 2014
CFX
COLEFAX GROUP PLC
("Colefax" or "the Group")
AGM STATEMENT
Colefax will be holding its Annual General Meeting at 11am this morning and David Green, Chairman, will make the following comment on current trading.
"The Group has entered its important autumn selling season with favourable market conditions in the US and the UK but challenging conditions in most European countries.
In the Group's core Fabric Division, sales in the US for the four months to 31 August 2014 are up by 7% on a constant currency basis. The US is the Group's largest market accounting for approximately 56% of Fabric Division sales and the recent strengthening of the US dollar against Sterling is a welcome development. In the UK, sales for the four months to 31 August are up by 10% but against weak prior year comparatives. In Europe, sales for the four months to 31 August are down by 5% on a constant currency basis."
Enquiries:
Colefax Group plc
David Green
Tel: 020 7318 6021
KTZ Communications
Katie Tzouliadis
Tel: 0203178 6378
Peel Hunt LLP 
(Nominated Advisor 
And Broker)
Dan Webster, Richard Brown, Matthew Armitt
Tel: 020 7418 8900

This information is provided by RNS
The company news service from the London Stock Exchange
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