Sports Direct International Plc
26 April 2007
SPORTS DIRECT INTERNATIONAL PLC
PRE CLOSE STATEMENT
Pre Close Statement
Sports Direct International plc, the UK's leading sports retailer, today
provides an update on current trading in advance of its year end on Sunday 29th
April, and sets out its expected calendar for future announcements.
The Board of Sports Direct International believes that Group pre-exceptional
EBITDA, its key performance measure, for the 52 week period ending on 29th
April, will be broadly in line with latest market expectations.
As anticipated in the prospectus published in advance of the Company's listing
on the London Stock Exchange on 2nd March, pricing in the UK sports retail
sector and in the Company's main UK retail business has stabilised, and
increased in some areas, in line with management's expectations.
Sales growth in the main UK retail business is slower than earlier in the year,
but remains positive, and overheads continue to benefit from the move to the
Shirebrook Distribution Centre.
Financial Announcement Calendar
The expected calendar for future financial announcements is as follows:
Preliminary Results Announcement
2006-07: 24th July, 2007
Annual General Meeting and Interim
Management Statement: 10th September, 2007:
Half Year Results 2007-08: 19th December, 2007
Christmas Trading and Interim
Management Statement: w/c 21st January, 2008
Pre Close statement: w/c 21st April, 2008
The Board of Sports Direct International expects to be able to announce the
appointment of IR and PR advisors in May 2007.
Notes to Editors
1. Sports Direct International is the UK's leading sports retailer by
revenue and operating profit.
2. Sports Direct International's main UK retail business comprises all
its UK retail businesses other than Original Shoe Company, Streetwise and on
line trading
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
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