8 Sep 2011 07:00
8 September 2011
Carpetright plc
AGM Statement
Carpetright, Europe's leading specialist carpet and floor coverings retailer, will hold its Annual General Meeting ("AGM") at 12:00 today at Harris House, Purfleet Bypass, Purfleet, Essex, RM19 1TT.
Historically, Carpetright has not provided any additional sales or financial information at the AGM, since it falls only five weeks after the first quarter trading update given in early August. While this position remains unchanged, at the meeting today Lord Harris, Chairman & Chief Executive, will be making the following statement concerning trading:
"In the year to 30 April 2011 we continued to experience challenging market conditions with fragile consumer confidence producing a weak floor coverings market. The Group remained profitable and generated cash, although profits for the year reduced substantially.
"As I said in the last Interim Management Statement, looking forward I see no respite from the challenging environment over the next year, but remain confident the Group will emerge in a strong position to deliver future growth once consumer demand improves."
The Group will report its pre-close trading update for the first half of its financial year on 25 October 2011.
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For further enquiries please contact:
Carpetright plc
Neil Page, Group Finance Director
Tel: 01708 802000
Citigate Dewe Rogerson
Kevin Smith / Lindsay Noton
Tel: 020 7638 9571
A copy of this trading statement will be available on our website www.carpetright.plc.uk today from 7.00am