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Trading Update

9 Jun 2016 07:00

RNS Number : 6552A
ScS Group PLC
09 June 2016
 

For Immediate Release

9 June 2016

 

 

 

ScS Group plc ("the Company")

Trading Update

 

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.

 

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.

 

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.

 

As a result the Group expects to report profits ahead of current market expectations which have already been significantly upgraded during the current year.

 

David Knight, Chief Executive Officer of ScS commented:

 

"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."

 

Enquiries:

 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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