Goals Soccer Centres PLC Post Close Trading Update (1911U)
January 16 2017 - 1:00AM
UK Regulatory
TIDMGOAL
RNS Number : 1911U
Goals Soccer Centres PLC
16 January 2017
Goals Soccer Centres PLC ("Goals" or the "Group")
Post Close Trading Update
Goals Soccer Centres PLC, a leading operator of outdoor
small-sided soccer centres with 47 sites, including one in
California, USA is pleased to announce a trading update for the
year ended 31 December 2016 in advance of the release of the
Company's final results on 21 March 2017.
Group sales for the year increased by 1.3% to GBP33.4m (2015:
GBP33.0m), with like-for-like sales growing by 0.6% (H1 2016:
-1.9%), broadly in-line with market expectations. This performance
further demonstrates the significant improvement which has taken
place within the business during the second half of the year.
Additionally, football volume stabilised and ended the year
positively, recording a year-on-year increase of approximately 1%,
which was aided by a strong second half performance of +3.1% and
reflects an improved customer experience, driven by the Arena
modernisation programme, with upgraded ProTurf pitches, new LED
lighting systems and renewed stadia boards which saw 136 pitches
upgraded during the period.
With our robust trading driven by the implementation of our
strategic plan, a strong balance sheet and solid growth prospects,
we look forward to delivering continued progress in 2017, as we
move our focus to upgrading our UK clubhouses to the new Clubhouse
2020 format and the opening of our second centre in the US in
February 2017. We look forward to the future with growing
confidence.
The Company also announces that Keith Rogers, an executive
director, has stepped down from the Board. Mark Jones CEO said "On
behalf of the Company I would like to acknowledge and express our
sincere gratitude to Keith for his invaluable and constructive
contribution to the Board over the years and we wish him well in
the future".
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.
Nick Basing, Chairman of Goals, said:
"I am positive that we have turned the corner with this result.
The new refocused strategy under strong new executive leadership is
working and I hope momentum will build further in 2017".
16 January 2017
Enquiries:
Goals Soccer Centres plc
Mark Jones, Chief Executive Officer
Bill Gow, Chief Financial Officer 01355 234 800
Canaccord Genuity Limited (Nominated
Adviser and Broker)
Bruce Garrow
Chris Connors
Richard Andrews 020 7523 8350
Instinctif Partners
Matthew Smallwood
Guy Scarborough 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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