Source - RNS
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 plc

David Green, Chief Executive

Tel 020 7318 6021


Rob Barker, Finance Director


KTZ Communications

Katie Tzouliadis, Viktoria Langley, Emma Pearson

Tel 020 3178 6378

Peel Hunt LLP

(Nominated Advisor

And Broker)

Dan Webster, Adrian Trimmings, George Sellar

Tel 020 7418 8900

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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