Last checked at 30 Apr 2018 11:48
Leeds Group plc
("Leeds Group" or the "Company")
Trading Update
Leeds Group wishes to update the market on its expectations for the financial year ending 31 May 2018.
As noted in our Interim Report, trading performance at our operating subsidiaries was lower than expectations in the first half of the year. Despite the disappointing first half, the Board believed at that time that the underlying trading result for the full year would be better than last year.
However, the trading performance of the operating subsidiaries in the second half of the year has been below the Board's expectations as market conditions were difficult in March and this is expected to continue into the final two months of the financial year. The Group profit before tax for the full year is therefore expected to be below the Board's expectations for the current financial year.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR) and has been arranged for release by Jan G Holmstrom, Chairman.
Enquiries:
Leeds Group plc Cairn Financial Advisers LLP
Dawn Henderson - 07747 777055 Tony Rawlinson / Liam Murray - 020 7213 0880