Last checked at 15 Sep 2016 07:00
Colefax Group plc
CFX
15 September 2016
COLEFAX GROUP PLC
("Colefax" or "the Group")
AGM STATEMENT
Colefax will be holding its Annual General Meeting at 11am this morning and David Green, Chief Executive, will make the following comment on current trading.
"Since we announced our year end results in July, trading conditions have remained relatively challenging in all of our major markets. In our core Fabric Division, sales for the four months to 31 August are up by 4% in reported currency but down by 7% on a constant currency basis. Overall, this was broadly in line with expectations.
We have a significant capital expenditure programme this year with new US showrooms opening in Boston and Atlanta. We are also moving our Decorating Division to new premises on Pimlico Road, London SW1 and are optimistic about the trading prospects in this new location."
Enquiries:
Colefax Group plc | David Green, Chief Executive | Tel 020 7318 6021 |
Rob Barker, Finance Director | ||
KTZ Communications | Katie Tzouliadis, Viktoria Langley, Emma Pearson | Tel 020 3178 6378 |
Peel Hunt LLP (Nominated Advisor And Broker) | Dan Webster, Adrian Trimmings, George Sellar | Tel 020 7418 8900 |