REG - Frasers Group PLC - Withdrawal of Guidance

FrasersAnnouncement

21/12/2020 07:00

RNS Number : 2523J
  
Frasers Group PLC
  
21 December 2020
  
 

21 December 2020
FRASERS GROUP PLC
("Frasers Group" or the "Group")
Withdrawal of Guidance
From Sunday 20 December 2020, the Government closed non-essential retail in London, The South East, and East of England with no warning. This has led to virtually all of our stores closing in these areas. Given this is a peak trading period, and combined with the high likelihood of further rolling lockdowns nationwide over the following months at least, such is the uncertainty of when stores can and cannot open that the Board of Frasers Group plc can no longer commit to Frasers Group achieving its publicised guidance of a 20% to 30% improvement in Underlying EBITDA during FY21 and, accordingly, is withdrawing its guidance.
 
 



Frasers Group plc
Tom Piper, Company Secretary
LEI: 213800JEGHHEAXIJDX34
 


 
T. 0344 245 9200
E. investor.relations@frasers.group



 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCEANAEASLEFFA