Quarterly Trading Update
Big Yellow Group PLC
12 January 2006
12 January 2006
Big Yellow Group PLC
Quarterly Trading Update
The Board of Big Yellow Group PLC, the self storage company, is pleased to
provide the following update on trading for the quarter ending 31 December 2005.
• Turnover for the quarter was £10.8 million
- Up 23% from £8.8 million for the same quarter last year
- Up 1% from £10.7 million for the quarter to 30 September 2005
• Annualised revenue at 31 December 2005 was £42.5 million
- Up 21% from £35.0 million at the same time last year
- Down £0.2 million (-0.5%) from £42.7 million at 30 September 2005
• 1,642,000 sq ft occupied at the quarter end
- Up 16% from 1,418,000 sq ft at the same time last year
- Down 7,000 sq ft from 1,649,000 sq ft occupied at 30 September 2005
• We opened a 53,000 sq ft store in North Kensington on 12 December 2005 and
initial trading has been encouraging. We expect to open our new store in
central Bristol in March 2006, which will be our fifth opening this financial
year
• In December we acquired five freehold sites (one subject to planning), four
in London at Kennington, Ealing/Hanwell, Sutton and south Bow, and one in
Liverpool. These new stores will provide a further 310,000 sq ft of self storage
capacity when fully developed
• These newly acquired freehold sites take the total number of stores open or
in planning and development to 52, which when fully developed will provide
self-storage capacity of 3.2 million sq ft
36 stores are now open (total capacity of 2.16 million sq ft) and of the
remaining 16 (total capacity 1.04 million sq ft) six have planning permisson
James Gibson, Chief Executive Officer, commented:
"In line with last year we have seen a slight growth in turnover, quarter on
quarter, and a small loss in occupancy late in the quarter over the Christmas
holiday period. January has started positively with increases in prospect calls
and reservations and we look forward to our historically stronger trading period."
- Ends -
For further information, please contact:
Big Yellow Group PLC 01276 470190
Nicholas Vetch, Chairman
James Gibson, Chief Executive
Weber Shandwick Square Mile 020 7067 0700
Louise Robson or Yvonne Alexander
Notes to Editors
Big Yellow Group PLC is one of the leading and most dynamic self-storage groups
in the UK. It was founded in 1998 by Nicholas Vetch, Philip Burks and James
Gibson and listed on AIM in May 2000, moving to the Official List of the London
Stock Exchange in 2002.
Big Yellow has expanded rapidly and now operates from 35 stores in London and
the South, and one in Leeds, with a further 16 stores in development and of the
52, 42 are held freehold and one long leasehold. All the stores have the
distinct yellow branding, in accessible main road locations, with the majority
being within the M25 or in strong urban conurbations. When fully built out the
portfolio will provide approximately 3.2 million sq ft of flexible storage
space. At the 31st December, Big Yellow had 27,300 storage customers.
The Group has pioneered the development of the latest generation of self-storage
facilities, which utilise state of the art technology and are located in high
profile, main road locations. Its focus on the location and visibility of its
buildings, coupled with excellent customer service, has created the most
recognised brand name in the UK self-storage industry.
This information is provided by RNS
The company news service from the London Stock Exchange