CFX Colefax Group Plc

TIDMCFX

RNS Number : 4042C

Colefax Group PLC

19 October 2020

AIM: CFX

19 October 2020

COLEFAX GROUP PLC

("Colefax" or "the Group")

AGM STATEMENT

Colefax will hold its Annual General Meeting at 11am this morning when David Green, Chief Executive, will make the following comment on current trading:

"Since we announced our year end results on 14 September, trading conditions have continued to improve in most of our major markets.

"In the Group's core Fabric Division, sales for the month of September were up by 11% on a like for like basis. For the five months to 30 September sales are down by 10% and by 8% on a constant currency basis. In the US, which is our largest market, sales for September were up by 8% on a like for like basis and are down by 9% for the five months to 30 September. In the UK sales for September were up by 16% on a like for like basis and are down by 16% for the five months to 30 September. In Europe, sales for September were up by 16% on a like for like basis and are down by 6% for the five months to 30 September.

"We are now half way through our important autumn selling season and believe we are benefitting from home related spending attributable to the worldwide lockdowns which took place earlier in the year."

Enquiries:

 
 Colefax Group plc     David Green, Chief    Tel: 020 7318 6000 
                        Executive 
                       Rob Barker, Finance 
                        Director 
 KTZ Communications    Katie Tzouliadis      Tel: 020 3178 6378 
                        Dan Mahoney 
 Peel Hunt LLP         Adrian Trimmings      Tel: 020 7418 8900 
  (Nominated Advisor    Andrew Clark 
  And Broker) 
 

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END

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October 19, 2020 02:00 ET (06:00 GMT)

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