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
21st Nov 20074:00 pmRNSResults of Meetings
21st Nov 20072:39 pmRNSNet Asset Value(s)
20th Nov 20073:05 pmRNSNet Asset Value(s)
19th Nov 20074:21 pmRNSNet Asset Value(s)
16th Nov 20074:20 pmRNSNet Asset Value(s)
15th Nov 20074:42 pmRNSNet Asset Value(s)
14th Nov 20074:36 pmRNSNet Asset Value(s)
13th Nov 20074:42 pmRNSNet Asset Value(s)
12th Nov 20076:12 pmRNSNet Asset Value(s)-Amendment
12th Nov 20072:57 pmRNSNet Asset Value(s)
9th Nov 200712:43 pmRNSNet Asset Value(s)
8th Nov 20071:28 pmRNSNet Asset Value(s)
7th Nov 20073:16 pmRNSNet Asset Value(s)
6th Nov 20071:09 pmRNSNet Asset Value(s)
5th Nov 20071:33 pmRNSNet Asset Value(s)
2nd Nov 20071:52 pmRNSNet Asset Value(s)
2nd Nov 200711:47 amRNSPortfolio Update
1st Nov 20072:27 pmRNSNet Asset Value(s)
31st Oct 20071:44 pmRNSNet Asset Value(s)
30th Oct 20074:37 pmRNSNet Asset Value(s)
29th Oct 20073:51 pmRNSNet Asset Value(s)
26th Oct 20073:47 pmRNSNet Asset Value(s)
25th Oct 20075:09 pmRNSNet Asset Value(s)
25th Oct 20074:05 pmRNSRollover Proposals
24th Oct 20075:26 pmRNSDividend Declaration
24th Oct 20074:25 pmRNSNet Asset Value(s)
23rd Oct 20073:38 pmRNSNet Asset Value(s)
22nd Oct 20073:26 pmRNSNet Asset Value(s)
19th Oct 20074:12 pmRNSNet Asset Value(s)
18th Oct 20071:56 pmRNSNet Asset Value(s)
17th Oct 200712:59 pmRNSNet Asset Value(s)
16th Oct 20073:28 pmRNSNet Asset Value(s)
15th Oct 20072:57 pmRNSNet Asset Value(s)
12th Oct 20074:06 pmRNSNet Asset Value(s)
11th Oct 20073:25 pmRNSNet Asset Value(s)
10th Oct 20071:42 pmRNSNet Asset Value(s)
9th Oct 20073:27 pmRNSNet Asset Value(s)
8th Oct 20073:00 pmRNSNet Asset Value(s)
5th Oct 20071:43 pmRNSNet Asset Value(s)
4th Oct 20071:45 pmRNSNet Asset Value(s)
3rd Oct 20071:56 pmRNSNet Asset Value(s)
2nd Oct 20072:31 pmRNSNet Asset Value(s)
1st Oct 20071:15 pmRNSNet Asset Value(s)
28th Sep 200712:08 pmRNSNet Asset Value(s)
27th Sep 20073:11 pmRNSNet Asset Value(s)
26th Sep 200712:26 pmRNSNet Asset Value(s)
25th Sep 200711:48 amRNSNet Asset Value(s)
24th Sep 200712:29 pmRNSNet Asset Value(s)
21st Sep 200712:45 pmRNSNet Asset Value(s)
20th Sep 20073:42 pmRNSNet Asset Value(s)

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.