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5 Feb 2014 15:21
5 February 2014
French Connection Group
Trading Update
French Connection today issues a trading update ahead of announcing preliminary results for the year to 31 January 2014 on Wednesday 12 March 2014.
In the December to January period, UK/Europe Retail sales and margin were both better than expected and the UK wholesale forward order book is strong and shipments have been ahead of last year.
Trading across the rest of the Group activities was broadly in-line with previous expectations.
The Group now expects the loss before tax and exceptional items to be an improvement against previous expectations and will be in the region of £4.7M for the full year (2013: £7.2M loss).
The Group closed the year with no debt and over £27M cash (2013: £28.5M) reflecting continued tight control of working capital.
For further information
Brian Hudspith
Maitland
020 7379 5151
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