Ramsdens Holdings PLC Pre-Close Trading Update (7662C)
October 03 2018 - 1:00AM
UK Regulatory
TIDMRFX
RNS Number : 7662C
Ramsdens Holdings PLC
03 October 2018
Ramsdens Holdings PLC
("Ramsdens", "the Company", "the Group")
Pre-Close Trading Update
Ramsdens Holdings PLC, the diversified financial services
provider and retailer, is pleased to announce a pre-close trading
update covering the six months ended 30(th) September 2018 (the
"Period").
Ramsdens has continued to perform well during the first six
months of the financial year and the Group's profits for the Period
are expected to be in line with the Board's expectations.
The key components of the results are:
-- the continued momentum of the jewellery retail business that
has delivered double-digit sales growth,
-- good performances from the pawnbroking, other financial
services and precious metal buying segments,
-- revenue from the foreign exchange segment was adversely
affected by the reduction in foreign travel arising out of a
'staycation' summer due to the exceptional weather in the UK. In
addition, as anticipated, the Period did not include Easter which
benefited the comparative period, and
-- the four stores opened in the last financial year and the
five stores opened in the Period, are overall trading ahead of
expectations.
The Group will announce its Interim Results for the six months
ended 30(th) September 2018 on Wednesday 28(th) November 2018.
Peter Kenyon, CEO of Ramsdens commented:
"The Group has delivered a good performance in the first half of
the year which reflects the strength of our customer offer and the
diversification of our income streams. The competitiveness of our
foreign exchange proposition was demonstrated by a resilient
performance despite market headwinds and our jewellery business
continued to achieve strong growth.
We have continued to expand the estate and remain on track for
our full year store opening target of 12 new stores. We are pleased
with the Group's performance and continued momentum in the first
half of the year and the Board remains confident of achieving its
expectations for the full year."
Enquiries:
Ramsdens Holdings PLC Via Hudson Sandler
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nomad) Tel: +44 (0) 20 3100
2000
Richard Crawley
Joshua Hughes
Hudson Sandler (public relations) Tel: +44 (0) 20 7796
4133
Alex Brennan
Lucy Wollam
This announcement contains inside information.
Cautionary statement regarding forward-looking statements
This announcement contains certain forward-looking statements.
These forward-looking statements include matters that are not
historical facts or are statements regarding the Group's
intentions, beliefs or current expectations concerning, among other
things, the Group's results of operations, financial condition,
liquidity, prospects, growth, strategies, and the industries in
which the Group operates.
Forward-looking statements are based on the information
available to the Directors at the time of preparation of this
announcement and will not be updated. The Directors can give no
assurance that these expectations will prove to have been correct.
Due to inherent uncertainties, including both economic and business
risk factors underlying such forward-looking information, actual
results may differ materially from those expressed or implied by
these forward-looking statements.
About Ramsdens
Ramsdens is a growing, diversified, financial services provider
and retailer, operating in the four core business segments of
foreign currency exchange, pawnbroking loans, precious metals
buying and selling and retailing of second hand and new
jewellery.
Headquartered in Middlesbrough, and from roots that can be
traced back to the 1970s, the Group operates from 135 stores within
the UK (including 4 franchised stores) and has a small but growing
online presence.
In the last financial year, the Group served over 800,000
customers across its different services. Ramsdens is fully FCA
authorised for its pawnbroking and credit broking activities.
https://www.ramsdensforcash.co.uk/
www.ramsdensplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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