Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCAMK.L Regulatory News (CAMK)

  • There is currently no data for CAMK

Trading Update

31 Jan 2013 07:00

RNS Number : 7123W
Camkids Group PLC
31 January 2013
 



 

 

 

 

Press Release

31 January 2013

 

Camkids Group plc

 

("Camkids" or the "Group" or the "Company")

 

Positive Trading Update

 

Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers, is pleased to give the following positive trading update for the year ended 31 December 2012.

 

The Board is pleased to confirm that the Company expects to report results ahead of market expectations for the financial year ended 31 December 2012. This was achieved even though the Group incurred one-off costs arising from its IPO on AIM in December 2012. The Company is also encouraged that the H1 2013 order book, following the spring/summer seasonal sales fair held in Q4 2012, is more than 22 per cent. ahead of the H1 2012 order book.

 

Across the Group's outdoor clothing and footwear divisions the Company has achieved rises in the average selling price of its products, which has enabled Camkids to maintain its gross profit margin despite fluctuations in production costs. The Company sells its products into a total of 1,118 Camkids branded stores in China (an increase over the number of branded stores reported in the Group's admission document as at 30 June 2012) through its network of distributors, as well as two that are owned by the Company, including the Camkids' flagship store in Jinjiang City.

 

Zhang Congming, Chairman and Chief Executive Officer of Camkids Group plc, said: "The Board is encouraged by the strong progress that the Company is making, particularly in increasing the average selling price of its outdoor clothing, footwear, equipment and accessories. Our order book has successfully grown from the same period last year and the Board is optimistic about the Group's performance for the current financial year."

 

The Group will be announcing its Preliminary Results for the year ended 31 December 2012 towards the start of April 2013 at which point it plans to hold an analyst briefing. Further details of the exact date of the release of the Group's results and the arrangements for the analyst briefing will be announced at the appropriate time.

 

Camkids has produced a short video, which provides an overview of the Group and its products and this can be accessed from the Company's investor relations homepage, http://www.camkids-ir.com

 

- Ends -

 

For further information:

Camkids Group plc

Zhang Congming, Chairman and Chief Executive Officer

Tel: +44 (0) 20 7398 7709

Ng Pei Eng, Chief Finance Officer

www.camkids-ir.com

 

Allenby Capital Limited

Alex Price / James Reeve / Nick Athanas

Tel: +44 (0) 20 3328 5656

a.price@allenbycapital.com

www.allenbycapital.com

 

Media enquiries:

Abchurch Communications Limited

Henry Harrison-Topham / Harriet Rae

Tel: +44 (0) 20 7398 7702

henry.ht@abchurch-group.com

www.abchurch-group.com

 

Notes to Editors

Camkids is a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers.

 

Based in Fujian province in China, the Group focuses on teenage sportswear for outdoor activities, combining functionality and innovation. The products are mid-range price based, targeting mid and high range markets within China.

 

The three main product areas are:

·; Camkids outdoor clothing - all weather jackets, waterproof trousers, shirts, tops and T-shirts, woollen sweaters, jeans, trousers shorts and skirts;

·; Camkids footwear - hiking boots, outdoor leisure footwear, flip-flops, sandals and boots

·; Camkids equipment and accessories - telescopes, backpacks, technical packs, tents, sleeping bags, headgear, caps, kettles, headlights and torches.

 

The Group designs its entire product range and manufactures the majority of its footwear. Outdoor apparel and accessories are currently manufactured by third party OEMs.

 

The children and teenagers outdoor and sportswear market is currently worth RMB10.9 billion in annual sales and is forecast to grow at a CAGR of 16.9%* between 2012 and 2016. The Group currently has an 11.1%* market share by total sales volume.

 

Camkids' primary route to market for the sale of its products is through its network of distributors. The Group has established an extensive distribution network across 29 provinces, 4 municipalities and 5 autonomous regions within the PRC. As at 30 June 2012, the Group had 15 authorised distributors operating over 1,000 retail outlets.

 

In 2010, Camkids was recognised as one of the top ten children's shoe brands at the China Shoe Industry Summit Forum and in September 2012 was included as one of the top 500 brands in Asia.

 

For more information please visit www.camkids-ir.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTURUOROVAAOAR
Date   Source Headline
30th Sep 20159:00 amRNSHalf Yearly Report
29th Sep 20159:00 amRNSChange of Adviser and suspension of shares
29th Sep 20159:00 amRNSSuspension - Camkids Group plc
10th Aug 201512:12 pmRNSTrading Statement
11th Jun 20151:47 pmRNSInvestor Conference Call Transcript
11th Jun 20157:00 amRNSResult of AGM
28th May 20159:00 amRNSNon Regulatory- Investor Conference Call
12th May 20158:50 amRNSNotice of AGM and Director resignation
7th May 20159:30 amRNSDirectorate Change
23rd Apr 20154:40 pmRNSSecond Price Monitoring Extn
23rd Apr 20154:35 pmRNSPrice Monitoring Extension
23rd Apr 201512:26 pmRNSFinal Results
4th Feb 20158:04 amRNSTrading update and statement on share price
2nd Jan 20159:00 amRNSTotal Voting Rights
12th Dec 20147:00 amRNSIssue of equity and total voting rights
27th Nov 201411:15 amRNSDividend payment update
17th Nov 20147:00 amRNSTrading update
11th Nov 201411:10 amRNSResult of EGM
24th Oct 20147:00 amRNSNotice of EGM and Scrip Dividend Scheme
29th Sep 20147:00 amRNSInterim Results
22nd Sep 20147:00 amRNSNotice of Interim Results
1st Aug 201410:36 amRNSHolding(s) in Company
29th Jul 20147:00 amRNSTrading Update
3rd Jul 201410:00 amRNSIssue of Equity and Total Voting Rights
20th Jun 20148:45 amRNSDividend Payment Update
5th Jun 201412:46 pmRNSResult of AGM / Trading Update
14th May 201410:00 amRNSAnnual Report and Accounts
24th Apr 201411:25 amRNSFinal Results
16th Apr 201410:20 amRNSHolding in Company
16th Apr 201410:15 amRNSNotice of Preliminary Results
11th Apr 20149:53 amRNSHolding(s) in Company
8th Apr 20141:30 pmRNSHoldings in Company
4th Apr 20149:30 amRNSHolding(s) in Company
10th Mar 20147:00 amRNSHoldings
27th Feb 201412:00 pmRNSHolding(s) in Company
26th Feb 20147:00 amRNSTrading Update
7th Feb 20141:30 pmRNSHoldings
6th Dec 20137:00 amRNSTrading Update
5th Dec 20137:00 amRNSBrand China's 'People of the Year' Awards
17th Sep 20137:00 amRNSInterim results and maiden dividend declaration
4th Sep 20137:00 amRNSNotice of Interim Results
8th Jul 20137:00 amRNSTrading Update
28th May 20137:00 amRNSResult of AGM / Trading Update
30th Apr 201310:30 amRNSReport & Accounts / Notice of AGM
22nd Apr 20131:13 pmRNSHolding in Company
9th Apr 20137:00 amRNSPreliminary Results
12th Mar 20137:00 amRNSNotice of Preliminary Results
31st Jan 20137:00 amRNSTrading Update
24th Dec 20128:00 amRNSFirst day of dealings on AIM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.