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RNS Number : 9107N Colefax Group PLC 28 September 2023
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 8 August, trading conditions have
remained in line with our expectations.
"In the Group's core Fabric Division, sales for the 21 weeks to 23 September
2023 were down by 1% on a constant currency basis. Sales the US, which is our
largest market accounting for 64% of the Fabric Division total, were down by
4% against strong prior year comparatives. Sales in the UK were up by 5% and
sales in Europe were up by 2% on a constant currency basis.
"We have just entered our important autumn selling season and as reported when
we announced our year end results, we are expecting trading conditions to
become progressively more challenging due to the adverse impact of high
interest rates on housing transactions and home spending."
Enquiries:
Colefax Group plc David Green, Chief Executive Tel: 020 7318 6000
Rob Barker, Finance Director
KTZ Communications Katie Tzouliadis Tel: 020 3178 6378
Robert Morton
Peel Hunt LLP Adrian Trimmings Tel: 020 7418 8900
(Nominated Advisor Andrew Clark
And Broker)
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