Halfords Group PLC
04 October 2007
Halfords Group plc ('Halfords')
Pre Close Trading Update
4 October 2007
Halfords, the UK's leading auto, leisure and cycling products retailer today
issues the following trading update for the 26 weeks to 28 September 2007.
Sales for the 26 weeks to 28 September 2007 increased by 8.5% over the
equivalent period in 2006 and like-for-like sales increased by 5.5%.
Gross profit percentage remains in line with expectation, reflecting balanced
sales growth across all core categories and ongoing sourcing benefits.
Ian McLeod, Chief Executive, said:
'Our sales and service strategy, particularly in cycling and camping, has
delivered an improvement in like-for-like sales growth against strong
comparatives last year. This result continues to demonstrate both Halfords'
resilience and its defensive qualities, underpinning our confidence for the
second half.'
Interim Results
Halfords will announce its interim results for the 26 weeks ended 28 September
2007 on Thursday, 22 November 2007. A presentation for analysts and investors
will be held at 9.30 a.m. at the City Presentation Centre, 4 Chiswell Street,
London, EC1Y 4UP.
For further information:
Media
College Hill
Andy Cornelius 0207 457 2822
Duncan Murray 0207 457 2823
Analysts
Halfords Group plc
Tony Newbould, Investor Relations 07753 809522
Notes to Editors:
Halfords Group plc
www.halfords.co.uk
www.halfordscompany.co.uk
Established in 1892 as F.W. Rushbrooke and subsequently renamed Halfords in
1907, the Company was floated on the London Stock Exchange in June 2004. The
Group employs in excess of 10,500 staff and sells 11,000 different product
lines, ranging from car parts and cycles through to the latest in-car
technology, alloy wheels, child seats, roof boxes and outdoor leisure and
camping equipment. Halfords' own brands include Ripspeed, for car enhancement,
Bikehut, for cycles and cycling accessories, including the Apollo and Carrera
brands and Urban Escape for its premium range of camping equipment. Operating
from 433 stores, including one store in the Czech Republic, 17 smaller format,
neighbourhood, stores and two standalone Bikehuts (located in Brighton and
Putney), Halfords offers a 'we fit' service for car parts, child seats,
satellite navigation and in-car entertainment systems, and a 'we repair' service
for cycles.
Halfords announced on 8 June 2006 its intention to buy back £50m of its own
shares over a two-year period. Since announcing its share buy-back programme
Halfords has purchased 12,550,956 of its own shares for an aggregate
consideration of £43,469,095 at an average share price of 346.3 pence.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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