Colefax Group PLC AGM Statement (8760J)
September 15 2016 - 1:00AM
UK Regulatory
TIDMCFX
RNS Number : 8760J
Colefax Group PLC
15 September 2016
Colefax Group plc
CFX
15 September 2016
COLEFAX GROUP PLC
("Colefax" or "the Group")
AGM STATEMENT
Colefax will be holding its Annual General Meeting at 11am this
morning and David Green, Chief Executive, will make the following
comment on current trading.
"Since we announced our year end results in July, trading
conditions have remained relatively challenging in all of our major
markets. In our core Fabric Division, sales for the four months to
31 August are up by 4% in reported currency but down by 7% on a
constant currency basis. Overall, this was broadly in line with
expectations.
We have a significant capital expenditure programme this year
with new US showrooms opening in Boston and Atlanta. We are also
moving our Decorating Division to new premises on Pimlico Road,
London SW1 and are optimistic about the trading prospects in this
new location."
Enquiries:
Colefax Group David Green, Chief Tel 020 7318
plc Executive 6021
Rob Barker, Finance
Director
KTZ Communications Katie Tzouliadis, Tel 020 3178
Viktoria Langley, 6378
Emma Pearson
Peel Hunt LLP Dan Webster, Adrian Tel 020 7418
(Nominated Advisor Trimmings, George 8900
And Broker) Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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