REG - Colefax Group PLC - AGM Statement

ColefaxAnnouncement

29/09/2022 07:01

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RNS Number : 0679B  Colefax Group PLC  29 September 2022

AIM: CFX

COLEFAX GROUP PLC

 

("Colefax" or "the Group")

 

AGM STATEMENT

 

Colefax will hold its Annual General Meeting at 11.00am this morning and David
Green, Chief Executive, will make the following comment on current trading:

 

"Since we announced our full year results on 17 August, trading conditions
have remained in line with our expectations.

 

"In the Group's core Fabric Division constant currency sales for the 21 weeks
to 23 September 2022 were up by 1% in the US and flat in the UK. The US is our
largest market accounting for over 65% of Fabric Division sales and the UK is
our second largest market accounting for 17% of Fabric Division sales.

 

"We have just entered our important autumn selling season and as previously
reported we are expecting trading conditions to become more challenging in the
second half of the year. This is primarily due to a slowdown in housing
transactions in the US and the UK. The Group is well placed to deal with these
market conditions."

 

Enquiries:

 Colefax Group plc    David Green, Chief Executive  Tel: 020 7318 6000
                      Rob Barker, Finance Director
 KTZ Communications   Katie Tzouliadis              Tel: 020 3178 6378

                      Dan Mahoney
 Peel Hunt LLP        Adrian Trimmings              Tel: 020 7418 8900

 (Nominated Advisor   Andrew Clark

 And Broker)

 

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