Trading update

RNS Number : 3008L

Sports Direct International Plc

08 January 2016

 

8 January 2016

Sports Direct International plc

Trading update

Since our interim results on 10 December 2015, we have seen a deterioration of trading conditions on the high street and a continuation of the unseasonal weather over the key Christmas period. As a result, we are no longer confident of meeting our adjusted underlying EBITDA target (before share scheme costs) of £420m for the full year. In light of these factors, and in anticipation of similar trading conditions between now and the end of April, management's current expectation for the full year is for adjusted underlying EBITDA (before share scheme costs) of between £380m and £420m.

Ends.

Sports Direct International plc                                     T: 0344 245 9200

Dave Forsey, Chief Executive

Matt Pearson, Acting Chief Financial Officer

Powerscourt

Rory Godson                                                                 T: 020 7250 1446

Peter Ogden

Lisa Kavanagh

 

END

 

 

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