Update

3 Jul 2008 07:00



Goals Soccer Centres Plc

Update  

Goals Soccer Centres PLC, the premier operator of next-generation 5-a-side soccer centres across the UK, announces that trading for the half year ended 30 June 2008 ended in line with management's expectations.

The directors are pleased with the progress that the Company is making and are confident of delivering another excellent result in the current year.

We have not seen any indication of softening demand for our "next generation" offering, and we believe that our low admission price and the high loyalty associated with team sports indicates our business is resilient to any wider consumer spending downturn. 

Our rollout programme continues to plan with three centres added in the half year ended 30 June 2008 and a further three under construction and on schedule to open during the second half of 2008. Our pipeline of sites continues to strengthen and the Board remains confident that a minimum of six centres will be added during 2009. 

The Company has a five year committed bank facility in place the majority of which is fixed though our hedging policy. Together with internally generated cash, this facility will fully fund the rollout of at least six centres each year.

We will be announcing our interim results for the six month period ended 30 June 2008 on 1 September 2008.

3 July 2008

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