COLEFAX GROUP PLC
("Colefax" or "the Group")
Colefax will be holding its Annual General Meeting at 11am this morning and David Green, Chairman, will make the following comment on current trading.
"The Group has entered its important autumn selling season with favourable market conditions in the US and the UK but challenging conditions in most European countries.
In the Group's core Fabric Division, sales in the US for the four months to 31 August 2014 are up by 7% on a constant currency basis. The US is the Group's largest market accounting for approximately 56% of Fabric Division sales and the recent strengthening of the US dollar against Sterling is a welcome development. In the UK, sales for the four months to 31 August are up by 10% but against weak prior year comparatives. In Europe, sales for the four months to 31 August are down by 5% on a constant currency basis."
Colefax Group plc
Tel: 020 7318 6021
Tel: 020 3178 6378
Peel Hunt LLP
Dan Webster, Richard Brown, Matthew Armitt
Tel: 020 7418 8900
This information is provided by RNS