Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSCS.L Regulatory News (SCS)

  • There is currently no data for SCS

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
15th Jun 20227:00 amRNSNotification of Major Holdings
14th Jun 202211:33 amRNSTransaction in Own Shares
13th Jun 20229:30 amRNSTransaction in Own Shares
9th Jun 20225:04 pmRNSTransaction in Own Shares
8th Jun 20222:26 pmRNSTransaction in Own Shares
7th Jun 20222:47 pmRNSTransaction in Own Shares
6th Jun 20223:43 pmRNSTransaction in Own Shares
1st Jun 20225:14 pmRNSTransaction in Own Shares
1st Jun 20227:00 amRNSTransaction in Own Shares
30th May 20225:24 pmRNSTransaction in Own Shares
27th May 20225:20 pmRNSTransaction in Own Shares
24th May 20225:14 pmRNSTransaction in Own Shares
23rd May 202212:10 pmRNSTransaction in Own Shares
20th May 20224:27 pmRNSTransaction in Own Shares
19th May 20224:05 pmRNSTransaction in Own Shares
16th May 20224:56 pmRNSTransaction in Own Shares
12th May 20224:50 pmRNSTransaction in Own Shares
11th May 20225:25 pmRNSTransaction in Own Shares
10th May 20225:41 pmRNSTransaction in Own Shares
9th May 202211:35 amRNSTransaction in Own Shares
6th May 202211:02 amRNSTransaction in Own Shares
5th May 20225:22 pmRNSTransaction in Own Shares
4th May 202211:14 amRNSTransaction in Own Shares
3rd May 202212:00 pmRNSTransaction in Own Shares
29th Apr 20225:10 pmRNSTransaction in Own Shares
28th Apr 202211:41 amRNSTransaction in Own Shares
27th Apr 20223:18 pmRNSTransaction in Own Shares
26th Apr 20223:57 pmRNSTransaction in Own Shares
25th Apr 202211:58 amRNSTransaction in Own Shares
22nd Apr 20222:14 pmRNSTransaction in Own Shares
21st Apr 20222:15 pmRNSTransaction in Own Shares
20th Apr 20223:13 pmRNSTransaction in Own Shares
19th Apr 202212:16 pmRNSTransaction in Own Shares
14th Apr 20223:27 pmRNSTransaction in Own Shares
13th Apr 20224:46 pmRNSTransaction in Own Shares
12th Apr 20224:58 pmRNSTransaction in Own Shares
11th Apr 20225:10 pmRNSTransaction in Own Shares
8th Apr 20225:09 pmRNSTransaction in Own Shares
7th Apr 20223:00 pmRNSTransaction in Own Shares
6th Apr 20224:59 pmRNSTransaction in Own Shares
5th Apr 20221:20 pmRNSTransaction in Own Shares
4th Apr 20221:32 pmRNSTransaction in Own Shares
1st Apr 20223:28 pmRNSTransaction in Own Shares
31st Mar 202211:20 amRNSTransaction in Own Shares
30th Mar 202212:19 pmRNSTransaction in Own Shares
29th Mar 202211:39 amRNSTransaction in Own Shares
28th Mar 20223:51 pmRNSTransaction in Own Shares
25th Mar 20225:27 pmRNSTransaction in Own Shares
23rd Mar 20224:28 pmRNSTransaction in Own Shares
22nd Mar 20221:54 pmRNSShare Buyback Programme

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.