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
31st Oct 20238:58 amRNSForm 8.3 - ScS Group PLC
31st Oct 20238:27 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
30th Oct 20232:33 pmPRNForm 8.3 - ScS Group Plc
30th Oct 202312:01 pmRNSNotification of Major Holdings
30th Oct 202310:34 amRNSForm 8.5 (EPT/RI)
30th Oct 202310:05 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
30th Oct 20238:59 amRNSForm 8.3 - ScS Group PLC
30th Oct 20238:40 amRNSForm 8.3 - ScS Group PLC
27th Oct 20234:42 pmBUSForm 8.3 - SCS GROUP PLC
27th Oct 20234:31 pmRNSForm 8.3 - SCS GROUP PLC
27th Oct 20234:01 pmRNSForm 8.3 - SCS Group PLC
27th Oct 20233:09 pmRNSForm 8.3 - ScS Group plc
27th Oct 20233:04 pmRNSNotification of Major Holdings
27th Oct 20232:37 pmRNSForm 8.3 - SCS GROUP PLC
27th Oct 20231:42 pmPRNForm 8.3 - SCS Group Plc
27th Oct 202311:29 amRNSForm 8.5 (EPT/RI)
27th Oct 20238:28 amRNSForm 8.3 - SCS GROUP PLC
27th Oct 20237:56 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
26th Oct 20235:30 pmRNSForm 8.3 - ScS Group plc
26th Oct 20231:11 pmPRNForm 8.3 - ScS Group Plc
26th Oct 202311:33 amRNSForm 8.5 (EPT/RI)
26th Oct 202311:18 amRNSForm 8.3 - SCS GROUP PLC
26th Oct 20238:32 amRNSForm 8.3 - ScS Group PLC
26th Oct 20237:16 amGNWForm 8.5 (EPT/RI) - ScS Group Plc
26th Oct 20237:00 amRNSForm 8.3 - ScS Group plc
26th Oct 20237:00 amRNSForm 8.3 - Scs Group PLC/Poltronesofà's Cerezzola
25th Oct 20234:36 pmRNSForm 8.3 - ScS Group PLC
25th Oct 20233:18 pmGNWForm 8.3 - AXA INVESTMENT MANAGERS:
25th Oct 20232:32 pmRNSForm 8.3 - [SCS GROUP PLC]
25th Oct 20231:30 pmPRNForm 8.3 - ScS Group Plc
25th Oct 202312:44 pmGNWForm 8.5 (EPT/RI) - ScS Group Plc
25th Oct 202311:17 amRNSForm 8.5 (EPT/RI)
25th Oct 20237:00 amRNSPreliminary Results
25th Oct 20237:00 amRNSForm 8.3 - ScS Group plc
24th Oct 20233:48 pmPRNForm 8.3 - SCS Group Plc
24th Oct 20231:56 pmPRNForm 8.3 - SCS Group plc
24th Oct 20237:00 amRNSRecommended Cash Offer
9th Oct 20237:00 amRNSShort delay to preliminary results
3rd Aug 20237:00 amRNSFull Year Trading Update
20th Jul 202312:14 pmRNSNotification of Major Holdings
4th Jul 20237:00 amRNSAppointment of Chief Financial Officer
25th Apr 20233:30 pmRNSGrant of Awards
25th Apr 20237:13 amRNSChange in Director's Particulars
19th Apr 20237:00 amRNSAppointment of Non-Executive Director
14th Apr 202310:21 amRNSChange in Director’s Particulars
21st Mar 20237:00 amRNSInterim Results
17th Feb 20237:01 amRNSCompletion of £7m Share Buyback Programmes
17th Feb 20237:00 amRNSTransaction in Own Shares
15th Feb 20235:35 pmRNSTransaction in Own Shares
15th Feb 20239:14 amRNSNotification of Major Holdings

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.