REG - Colefax Group PLC - Trading Update

ColefaxAnnouncement

21/04/2022 07:00

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RNS Number : 8092I  Colefax Group PLC  21 April 2022

AIM: CFX

 

COLEFAX GROUP PLC

 

("Colefax" or "the Group")

 

Full Year Trading Update

 

Since we announced our interim results on 27 January 2022 trading in our two
major markets the US and the UK has been ahead of expectations reflecting
strong demand for home-related spending. In addition our Decorating Division
will deliver an exceptional performance this year due to the timing of
completion of a major UK project. Fabric Division profitability is highly
operationally geared and as a result of higher than expected sales the Board
now expects the Group's profits before tax for the year ended 30 April 2022 to
be ahead of market expectations. Like many businesses we are experiencing
significant inflationary pressures so although demand is currently strong this
adds a note of caution to prospects for the year ahead.

 

 

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)

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

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