REG - Colefax Group PLC - AGM Statement

ColefaxAnnouncement

26/09/2024 07:00

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RNS Number : 6733F  Colefax Group PLC  26 September 2024

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:

 

"In the Group's core Fabric Division, sales for the 21 weeks to 20 September
2024 were down by 2% but up by 1% on a constant currency basis. Sales in the
US, which is our largest market accounting for 65% of the Fabric Division
total, were up by 5%, sales in the UK were down by 12% and sales in Europe
were down by 2%, all on a constant currency basis.

 

"We are just entering our important autumn selling season and expect current
sales trends to continue. The sales performance in the US is slightly better
than we expected at the start of the year but the benefit will be offset by a
significantly weaker US dollar exchange rate. Overall we expect the Group's
performance for the financial year to remain in line with market
expectations."

 

 

 

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        Dan Webster                   Tel: 020 7418 8900

 (Nominated Advisor   Andrew Clark

 And Broker)

 

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