REG - John Lewis Of Hunger - AGM Statement

John Lewis of HungerfordAnnouncement

11/12/2018 09:05

RNS Number : 0946K
John Lewis Of Hungerford PLC
11 December 2018
 


John Lewis of Hungerford plc
 
AGM Statement
 
 
John Lewis of Hungerford plc (AIM: JLH), the manufacturer, designer and retailer of fitted kitchens, kitchen furniture and bedroom furniture, will hold its Annual General Meeting at 2pm today at Crowne Plaza London Kensington, 100 Cromwell Road, London, SW7 4ER.
 
The Chairman of the Meeting will provide the following trading update:
 
Our despatched sales and forward orders (which we normally consider to be the best measure of current trading) currently stands at £4.7m (2017: £5.6m). Orders against which a first stage deposit has been taken, and for which there is a strong conversion into future sales, stood at £2.0m (2017: £1.3m).
 
We remain cautious in this challenging economic climate and are working hard to ensure the business shows growth for the full year. We are anticipating a loss in the first half year, in line with our expectations, due to the seasonality of the business. However, based on the current order book and assuming economic conditions do not deteriorate, we expect to report a modest operating profit in the full year ending 30 June 2019.
 
The AGM will be followed by a shareholder presentation. No new material information will be disclosed and a copy of the presentation will be made available on the Company's website www.john-lewis.co.uk.
 



 
Enquiries:


 




 


 




John Lewis of Hungerford plc


01235 774300




Gary O'Brien, Chairman


 




 


 




Smith & Williamson Corporate Finance Limited


0117 376 2213




Katy Birkin, Martyn Fraser


 




 


 



 
 




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