Sports Direct International Plc
21 January 2008
21st January 2008
SPORTS DIRECT INTERNATIONAL PLC
TRADING STATEMENT
Sports Direct International plc ("the Company") announces the result of trading
for the 11 weeks from 29th October to 13th January 2008.
Group sales for this period were £280m, and the corresponding group gross profit
was £126m.
The Company announced at its Interim Results on 19th December 2007 that despite
the worsening trading conditions in UK retail generally, it remained confident
of exceeding the underlying EBITDA (pre foreign exchange and exceptional items)
market expectations for the full year 2007/08, which stood at £137.7m at the
time of the results. This view remains unchanged.
Commenting on the result of trading in this period, Dave Forsey, Chief
Executive, said:
"We expect the retail trading environment in the UK to become increasingly
difficult over the next six months. However the resilience of our business gives
us the confidence to repeat the guidance on full year performance that we gave
on 19th December 2007."
The Company will release an Interim Management Statement for the 13 weeks from
29th October 2007 to 27th January 2008 on 9th March 2008.
Ends
Enquiries:
Sports Direct International plc
Dave Forsey, Chief Executive Tel: 0870 333 9400
Bob Mellors, Group Finance Director
Financial Dynamics
Andrew Dowler/Jonathon Brill/Ben Foster Tel: 0207 831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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