John Lewis Of Hunger - Trading Update

John Lewis of Hungerford

13/09/2017 07:01

RNS Number : 5581Q

John Lewis Of Hungerford PLC

13 September 2017

John Lewis of Hungerford plc

Trading Update

The Board of John Lewis of Hungerford plc (AIM:JLH) provides an update on trading for its financial year ended 31 August 2017.

Our performance in the second half year, traditionally our stronger trading period, was in line with expectations announced in May. Based on unaudited management information, we expect to report sales for the full year of 8.2 million (2016: 8.2 million) and a small operating profit. As previously announced, in the prior year we took the decision to close our showrooms in Tunbridge Wells and Harrogate. Both ceased trading by 31 December 2016 and, after adjusting for the effect of these closures, the underlying sales growth for the year is around 4%.

The Board has separately announced today the appointment of James Barnard as a new non-executive director.

Enquiries:
John Lewis of Hungerford plc
01235 774300
Gary O'Brien, Chairman
Smith & Williamson Corporate Finance Limited
Martyn Fraser
0117 376 2213
Katy Birkin
0207 131 4000

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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