Brief: Leeds Group Says Trading Conditions Remain Challenging, Will Be Difficult Year In 2020

Leeds

12/11/2019 07:25

Nov 12 (Reuters) - Leeds Group PLC  LDSG.L :
    * LEEDS GROUP PLC  - FINAL RESULTS
    * LEEDS GROUP PLC - TRADING CONDITIONS REMAIN CHALLENGING AND IT WILL BE A
DIFFICULT YEAR AGAIN IN 2020
    * LEEDS GROUP PLC - IT WILL TAKE TIME FOR DECISIONS TAKEN THIS YEAR TO FULLY
TRANSLATE INTO IMPROVED RESULTS
    * LEEDS GROUP PLC - DIRECTORS DO BELIEVE GROUP WILL RETURN TO ACCEPTABLE
LEVELS OF
PROFIT IN FORTHCOMING YEARS
    * LEEDS GROUP PLC - HAS BEEN AN "EXTREMELY DIFFICULT AND DISAPPOINTING YEAR"
FOR
GROUP
    * LEEDS GROUP - AS RETAIL MARKET IN GERMANY HAS DETERIORATED, KMR BEEN
AFFECTED
WITH SALES FALLING DURING YEAR WITH NO POSITIVE RESULT CONTRIBUTION
    * LEEDS GROUP PLC - DIRECTORS SEE NEED TO FURTHER CONCENTRATE ON GROUP'S
CORE
BUSINESS
    * LEEDS GROUP - DECISION HAS BEEN MADE TO CLOSE CHINOH-TEX LTD AS IT IS NOT
GENERATING ADEQUATE PROFITS DESPITE RECENT ACTIONS TAKEN TO REDUCE COSTS
    * LEEDS GROUP - MANAGEMENT WILL CLOSELY MONITOR PERFORMANCE OF KMR RETAIL
OUTLETS

Source text for Eikon:  ID:nRSL0393Ta 
Further company coverage:  LDSG.L 

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