Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSCS.L Regulatory News (SCS)

  • There is currently no data for SCS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

9 Aug 2017 07:00

RNS Number : 4473N
ScS Group PLC
09 August 2017
 

 

9 August 2017

 

 

 

ScS Group plc

("ScS" or the "Group")

Trading Update

 

 

ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update ahead of announcing its preliminary results for the 52 weeks ended 29 July 2017 (the "Year") on 3 October 2017.

 

The Board is pleased to report that the Group has traded in line with its expectations for the Year, with overall order growth of 1.4%.

 

At the time of our interim results announcement on 21 March 2017, we highlighted that the Group faced very challenging comparatives and what appeared to be a softening market environment. As such, while the like-for-like order intake in the second half of the Year declined 5.0%, the two-year like-for-like order intake for the second half of the Year improved and delivered growth of 16.9%.

 

Due to the strong comparatives last year, on a like-for-like basis, the Group experienced an order intake decline of 0.7% for the Year. However, the two-year like-for-like order intake has grown 14.3%.

 

David Knight, Chief Executive Officer of ScS, commented:

 

"We are pleased that despite the challenging comparatives and wider market backdrop we have traded in-line with the Board's expectations for the Year.

 

Looking ahead, notwithstanding the current trading environment, the Board believes the business remains in a strong position to maximise opportunities as they arise and to grow market share."

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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

Madeleine Seacombe

Tel: +44 (0)20 7466 5000

scs@buchanan.uk.com

Investec

Garry Levin

David Flin

Alex Wright

Tel: +44 (0) 20 7597 5970

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTDMGGRKRLGNZM
Date   Source Headline
30th Jan 20242:22 pmRNSForm 8.3 - ScS Group plc
30th Jan 202410:13 amRNSScheme becomes Effective
30th Jan 20247:30 amRNSSuspension - ScS Group plc
29th Jan 20244:41 pmRNSForm 8.3 - ScS Group plc Amend
29th Jan 20242:21 pmRNSForm 8.3 - ScS Group plc
29th Jan 20249:00 amRNSRule 2.9 Announcement and Total Voting Rights
29th Jan 20248:23 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
26th Jan 202412:27 pmRNSForm 8.3 - ScS Group plc
26th Jan 202411:15 amRNSCourt sanction of the Scheme
26th Jan 202410:21 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
25th Jan 20242:20 pmRNSForm 8.3 - ScS Group plc
25th Jan 20247:55 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
24th Jan 202411:09 amRNSForm 8.5 (EPT/RI)
23rd Jan 20245:45 pmRNSSCS Group
23rd Jan 202411:23 amRNSForm 8.5 (EPT/RI)
23rd Jan 20247:49 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
22nd Jan 20243:30 pmRNSForm 8.3 - SCS LN
22nd Jan 20242:03 pmRNSForm 8.3 - SCS GROUP PLC
22nd Jan 202410:42 amRNSForm 8.5 (EPT/RI)
19th Jan 20243:30 pmRNSForm 8.3 - SCS LN
19th Jan 202412:12 pmRNSForm 8.3 - SCS GROUP PLC
19th Jan 202410:38 amRNSForm 8.5 (EPT/RI) - ScS Group PLC
19th Jan 20247:56 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
18th Jan 20241:09 pmRNSForm 8.3 - ScS Group plc
18th Jan 202411:23 amRNSForm 8.5 (EPT/RI) - ScS Group PLC
18th Jan 20248:17 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
17th Jan 20243:30 pmRNSForm 8.3 - SCSS LN
17th Jan 20242:43 pmRNSForm 8.3 - ScS Group plc
17th Jan 202411:20 amRNSForm 8.5 (EPT/RI) - ScS Group PLC
17th Jan 20248:49 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
16th Jan 20243:30 pmRNSForm 8.3 - SCS LN
16th Jan 20241:23 pmRNSForm 8.3 - ScS Group plc
16th Jan 20247:53 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
15th Jan 20243:08 pmRNSForm 8.3 - SCS GROUP PLC
15th Jan 20242:04 pmRNSForm 8.3 - ScS Group plc
15th Jan 20249:16 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
15th Jan 20247:35 amRNSForm 8.5 (EPT/RI) - ScS Group PLC- Amendment -
12th Jan 20243:44 pmRNSNotification of Major Holdings
12th Jan 20243:12 pmRNSForm 8.3 - SCS GROUP PLC
12th Jan 20241:33 pmRNSForm 8.3 - ScS Group plc
12th Jan 20248:16 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
11th Jan 20245:01 pmRNSNotification of Major Holdings
11th Jan 20243:30 pmRNSForm 8.3 - SCS LN
11th Jan 20243:04 pmRNSForm 8.3 - SCS GROUP PLC
11th Jan 20242:24 pmRNSForm 8.3 -SCS GROUP PLC
11th Jan 202411:40 amRNSForm 8.3 - ScS Group plc/Cerezzola Limited
11th Jan 202411:31 amRNSForm 8.5 (EPT/RI)
11th Jan 20248:11 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
10th Jan 20243:30 pmRNSForm 8.3 - SCS Ln
10th Jan 20242:59 pmRNSForm 8.3 - SCS GROUP PLC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.