Big Yellow Group PLC
12 July 2006
BIG YELLOW GROUP PLC
12 July 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 30 June 2006.
• Turnover for the quarter was £11.6 million
- Up 21% from £9.6 million for the same quarter last year
- Up 7% from £10.8 million for the quarter to 31 March 2006
• Annualised revenue is now £47.6 million
- Up 20% from £39.8 million at the same time last year
- Up 10% from £43.4 million at 31 March 2006
• 1,740,000 sq ft occupied at the quarter end
- Up 13% from 1,545,000 sq ft at the same time last year
- Up 4% from 1,672,000 sq ft occupied at 31 March 2006
• Annual storage price increases put through successfully in May at an
average of 4.5%
• We today opened a 60,000 sq ft store in South Bristol. We now have 40
stores open with a total self storage capacity of 2.39 million sq ft.
• In June we acquired a site in Poole, which will provide a further
53,000 sq ft of self storage capacity when fully developed and brings to five
the total number of sites acquired in the quarter
• The number of stores open and sites in planning/under development now
total 59. Four of the 19 development sites have planning permissions. The
total capacity of the 59 stores and sites when fully developed is 3.66 million
sq ft.
James Gibson, Chief Executive Officer, commented:
"The Group continues to make good progress in revenue growth both like for like
and through new store openings. We now look forward to executing our extensive
store opening programme over the next few years."
- Ends -
For further information, please contact:
Big Yellow Group PLC 01276 477 811
Nicholas Vetch, Chairman
James Gibson, Chief Executive
Weber Shandwick Square Mile 020 7067 0700
Louise Robson or John Moriarty
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 40 stores in London and
the South, and one in Leeds, with a further 19 stores in development and of the
59, 48 are held freehold and two 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 3.66 million sq ft of flexible storage
space. At the 30th June 2006, Big Yellow had 29,600 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
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