REG - Colefax Group PLC - AGM Statement

ColefaxAnnouncement

13/09/2018 07:05

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



 
 




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