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3 Jul 2008 07:00
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Goals Soccer Centres Plc
UpdateΒ Β
Goals Soccer Centres PLC, the premier operator of next-generation 5-a-side soccer centres across theΒ UK, announces that trading for the half year endedΒ 30 June 2008Β ended in line withΒ management'sΒ expectations.
The directorsΒ are pleased with the progress that the Company is making and are confident of delivering another excellent result in the current year.
We have not seen any indication of softening demand for our "next generation" offering, and we believe that our low admission price and the high loyalty associated with team sports indicates our business is resilient to any wider consumer spending downturn.Β
Our rollout programme continues to plan withΒ threeΒ centres added in the half year endedΒ 30 June 2008Β and a furtherΒ threeΒ under construction and on schedule to open during the second half of 2008. Our pipeline of sites continues to strengthenΒ and the BoardΒ remains confident that a minimum ofΒ sixΒ centres will be added during 2009.Β
The Company has aΒ fiveΒ year committed bank facility in placeΒ the majority of which is fixed though our hedging policy. Together withΒ internally generatedΒ cash,Β this facilityΒ will fully fund the rollout ofΒ at least sixΒ centresΒ each year.
We will be announcing our interim results for the six month period endedΒ 30 June 2008Β onΒ 1 SeptemberΒ 2008.
3Β July 2008
Enquiries:
|
Goals Soccer Centres Plc |
01355 234 800 |
|
Keith RogersΒ |
|
|
Bill GowΒ |
|
|
College Hill |
0207 457 2020Β |
|
Matthew Smallwood |
|
|
KBC Peel Hunt |
020 7418 8900 |
|
David Davies Matt Goode |
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