9 Jun 2016 07:00
For Immediate Release | 9 June 2016 |
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ScS Group plc ("the Company")
Trading Update
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ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update after the two key May Bank Holidays.
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Two positive trading updates have already been issued this financial year; first in January when we reported total like-for-like sales order intake up 8.8% for the 25 weeks ended 16 January 2016 and secondly at our interim results in April when we reported total like-for-like sales order intake up 12.0% for the first 37 weeks of the year.
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We are now pleased to report the momentum has continued, with total like-for-like sales order intake increasing to 14.6% for the 45 weeks ended 4 June 2016.
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As a result the Group expects to report profits ahead of current market expectations which have already been significantly upgraded during the current year.
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David Knight, Chief Executive Officer of ScS commented:
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"We are delighted that trading through the two key May Bank Holidays exceeded our initial expectations and the Group continues to show excellent progress on a like for like basis in all retail categories."
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Enquiries:
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ScS Group PLC David Knight, Chief Executive Officer Chris Muir, Chief Financial Officer  | c/o Buchanan +44 (0)20 7466 5000 |
Buchanan Richard Oldworth / Mark Edwards / Jane Glover  | Tel: +44 (0)20 7466 5000 scs@buchanan.uk.com |
Investec Garry Levin / David Flin / George Price / Symmie Swil | Tel: +44 (0) 20 7597 5970 Â |
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