Last checked at 11 Sep 2012 07:00
CFX
COLEFAX GROUP PLC
("Colefax" or "the Group")
AGM STATEMENT
Colefax will be holding its Annual General Meeting today and Alan Smith, Non Executive Director, will make the following comment on current trading,
"Since we announced our final results in July, trading conditions have remained generally difficult but broadly in line with expectations. In our core Fabric Division, overall sales for the four months to 31st August 2012 are down 1% on a constant currency basis. Sales in the US, which is our largest market, were up 6%, sales in the UK were down 8% and European sales were down 7%.
As the Group enters its important autumn selling season we remain cautious about the trading outlook especially in the UK and Europe."
Enquiries:
Colefax Group plc | David Green, Chairman | Tel: 020 3178 6378 |
Robert Barker, Finance Director | ||
Peel Hunt LLP (NOMAD & Broker) | Dan Webster Matthew Armitt | Tel: 020 7418 8900 |
Richard Brown | ||
Biddicks | Katie Tzouliadis | Tel: 020 3178 6378 |
Sophie McNulty |