Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGOAL.L Regulatory News (GOAL)

  • There is currently no data for GOAL

Post Close Trading Update

3 Jul 2013 07:00

RNS Number : 4775I
Goals Soccer Centres PLC
03 July 2013
 



Goals Soccer Centres plc

('Goals' or 'The Company')

 

Post Close Trading Update

 

Goals Soccer Centres plc, the UK's premier operator of next generation outdoor 5-a-side soccer centres with 43 centres in the UK and one in Los Angeles, USA, is pleased to announce a trading update for the six months ended 30 June 2013, in advance of the release of the Company's interim results on 3rd September 2013.

 

Although the consumer environment remains challenging and despite some adverse weather in January and March, the established Goals concept continues to demonstrate its resilience with demand for five-a-side football remaining strong and like for like sales showing a marginal increase.

 

Having achieved a national footprint and critical mass the Board have implemented a strategy focusing on operational excellence to improve returns from the opportunity presented by the immaturity in the business. Our Operational and Organisational reviews are well advanced and, whilst they have added costs, we expect these initiatives to have a positive impact on trading for the remainder of the year. Due to this planned investment, profits for the first six months are marginally behind last year, in line with management expectations. The Board remain confident that the Company will trade in line with market expectations for the year ending 31 December 2013.

 

Our strategic focus of improving individual centre returns and reducing net debt, while consistently providing an excellent customer experience, continues to deliver. Net debt has reduced by 10% over the last 12 months from £53.9m at 30 June 2012 to £48.5m at the period end.

 

Goals has been able to benefit from new and exciting marketing opportunities. On 26 February, Goals announced that it had entered into a three year exclusive brand partnership with talkSPORT, the UK's biggest national commercial sports radio station. Through a number of innovative marketing initiatives, utilising both radio and social media, Goals has seen a sustained increase in the level of new player enquiries.

 

Goals is in talks with a number of potential new brand partners and will update the market on progress as appropriate.

 

Goals Chester, the first modular build site, has now been open for over 12 months and continues to perform as expected, delivering the same high quality customer experience at significantly reduced development cost. The Board reiterates its intention to restart the roll-out programme in 2014 with one site already identified.

 

The Board remains confident of continued progress throughout the remainder of 2013.

 

3 July 2013

 

Enquiries:

 

 

Goals Soccer Centres plc

Today: 020 7457 2020

Keith Rogers, Managing Director

Thereafter: 01355 234 800

Bill Gow, Finance Director

Canaccord Genuity

Tel: 020 7523 8350

Bruce Garrow

Adam Miller

College Hill

Tel: 020 7457 2020

Matthew Smallwood

Jamie Ramsay

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEXLBBXDFXBBZ
Date   Source Headline
3rd Jun 20165:50 pmRNSPosting of Circular to shareholders
3rd Jun 201612:00 pmRNSGrant of LTIP
3rd Jun 20167:00 amRNSPlacing to raise £16.75 million
31st May 20167:00 amRNSAppointment of Senior Independent NED
27th May 20167:00 amRNSAppointment of Chief Executive Officer
5th May 201612:50 pmRNSResult of AGM
5th May 20167:00 amRNSAGM Statement and NED appointments
15th Apr 20165:45 pmRNSHolding(s) in Company
1st Apr 20167:00 amRNSDirectorate Change
24th Mar 20163:15 pmRNSHolding(s) in Company
14th Mar 20167:00 amRNSFinal Results for the Year Ended 31 December 2015
8th Feb 20163:59 pmRNSDirectorate Change
14th Jan 20167:00 amRNSTrading Update
12th Jan 201611:00 amRNSNotification of trading update
2nd Dec 20152:58 pmRNSHolding(s) in Company
27th Nov 20157:00 amRNSBoard Appointment
16th Nov 20157:00 amRNSHolding(s) in Company
9th Nov 20157:00 amRNSTrading Statement
10th Sep 20154:34 pmRNSHolding(s) in Company
9th Sep 20157:00 amRNSHalf Yearly Report
9th Jul 20157:00 amRNSTrading Statement
30th Jun 20152:39 pmRNSHolding(s) in Company
30th Jun 201511:44 amRNSHolding(s) in Company
30th Jun 201510:00 amRNSNotification of Trading Update
16th Jun 20152:23 pmRNSHolding(s) in Company
15th Jun 20154:31 pmRNSHolding(s) in Company
7th May 20151:08 pmRNSResult of AGM
7th May 201511:45 amRNSAGM Statement
27th Mar 201510:22 amRNSDirector/PDMR Shareholding
18th Mar 20153:49 pmRNSDirector Declaration
17th Mar 20155:39 pmRNSHolding(s) in Company
10th Mar 20157:02 amRNSFinal Results
19th Feb 20157:39 amRNSHolding(s) in Company
21st Jan 20154:52 pmRNSHolding(s) in Company
16th Jan 20157:00 amRNSPost Close Trading Update
15th Jan 201511:25 amRNSHolding(s) in Company
12th Jan 201511:18 amRNSNotification of Post Close Update
22nd Dec 20146:18 pmRNSDirector/PDMR Shareholding
19th Dec 201411:30 amRNSHolding(s) in Company
9th Dec 20144:03 pmRNSHolding(s) in Company
4th Dec 20147:40 amRNSHolding(s) in Company
3rd Dec 201410:24 amRNSHolding(s) in Company
17th Nov 20144:42 pmRNSDirector/PDMR Shareholding
13th Nov 20149:52 amRNSHolding(s) in Company
11th Nov 20145:54 pmRNSBoard Notification
3rd Nov 20143:27 pmRNSDirector/PDMR Shareholding
28th Oct 201411:22 amRNSHolding(s) in Company
2nd Oct 20146:02 pmRNSDirector/PDMR Shareholding
4th Sep 20143:34 pmRNSDirectors Shareholding
3rd Sep 20147:00 amRNSInterim Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.