Colefax Grp. Regulatory News (CFX)

7 May 2009 12:52



Colefax Group plc

CFX

COLEFAX GROUP PLC

("the Group")

Trading Update

At the time of our interim results in January 2009, we indicated that the outlook was tough, with limited visibility in terms of forecasting the level of sales. Since then, trading in our major market, the USA, which represents approximately 50% of fabric division sales, has been more challenging than we anticipated. US sales for the three months to 30 April 2009 are down by 32% compared to the same period in the previous year. The Group has taken action to reduce its cost base and as a result, pre-tax profits for the year ended 30 April 2009 will be in the region of £2.6 million after charging redundancy costs of approximately £800,000.

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