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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
 
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Date   Source Headline
9th Aug 20129:37 amRNSForm 8.5 (EPT/RI)
9th Aug 20127:01 amBUSForm 8.3 - Goals Soccer Centres Plc
8th Aug 201212:22 pmRNSOffer Talks Terminated
8th Aug 201210:06 amRNSForm 8.5 (EPT/RI)
8th Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
7th Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
6th Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
3rd Aug 201210:13 amRNSForm 8.5 (EPT/RI)
3rd Aug 20127:01 amBUSForm 8.3 - Goals Soccer Centres Plc
2nd Aug 201211:31 amRNSPatron deadline set for 13 August 2012
2nd Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
1st Aug 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
27th Jul 20126:02 pmRNSPosting of Scheme Document
27th Jul 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
26th Jul 201210:13 amRNSForm 8.5 (EPT/RI)
26th Jul 201210:12 amRNSDirector/PDMR Shareholding
25th Jul 201210:33 amRNSForm 8.5 (EPT/RI)
25th Jul 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
24th Jul 20124:39 pmBUSForm 8.3 - Goals Soccer Centres Plc
24th Jul 20128:54 amRNSHolding(s) in Company
24th Jul 20127:00 amBUSForm 8.3 - Goals Soccer Centres Plc
23rd Jul 20123:25 pmPRNForm 8.3 - Goals Soccer Centres Plc
23rd Jul 201212:21 pmRNSDirector/PDMR Shareholding
23rd Jul 201211:56 amRNSForm 8.5 (EPT/RI)
23rd Jul 201211:33 amBUSForm 8.3 - Goals Soccer Centres Plc
23rd Jul 201210:50 amRNSForm 8.3 - Goals Soccer Centres Plc
23rd Jul 20127:01 amBUSForm 8.3 - Goals Soccer Centres Plc
20th Jul 20124:23 pmRNSForm 8.3 - [Goals Soccer Centres]
20th Jul 20127:55 amRNSStatement re Goals Soccer Centres Plc
20th Jul 20127:00 amRNSRecommended cash offer
19th Jul 20122:45 pmRNSForm 8.3 - Goals Soccer Centres plc
19th Jul 201211:18 amRNSForm 8.5 (EPT/RI)
18th Jul 20122:50 pmRNSForm 8.3 - Goals Soccer Centres plc
17th Jul 20123:05 pmRNSForm 8.3 -Goals Soccer Centres plc
17th Jul 201211:13 amRNSForm 8.5 (EPT/RI)
13th Jul 20123:14 pmRNSForm 8.3 - Goals Soccer Centres PLC
12th Jul 201210:26 amRNSForm 8.5 (EPT/RI)
10th Jul 201210:45 amRNSForm 8.5 (EPT/RI)
9th Jul 20129:23 amRNSExtension to deadline
6th Jul 20125:52 pmRNSDirectors Shareholding
6th Jul 20123:04 pmRNSForm 8.3 - Goals Soccer Centres PLC
5th Jul 201210:38 amRNSForm 8.5 (EPT/RI)
4th Jul 201211:25 amRNSForm 8.5 (EPT/RI)
3rd Jul 201211:11 amRNSForm 8.5 (EPT/RI)
2nd Jul 20127:59 amRNSStatement regarding press speculation
2nd Jul 20127:40 amRNSStatement re Possible Offer
28th Jun 201211:16 amRNSForm 8.5 (EPT/RI)
25th Jun 201211:44 amRNSForm 8.5 (EPT/RI)
21st Jun 201212:17 pmRNSForm 8.3 - Goals Soccer Centres Plc
21st Jun 201211:54 amRNSForm 8.5 (EPT/RI)

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