Halfords Group PLC
06 April 2006
6 April 2006
Halfords Group plc
Trading Update
Halfords, the UK's leading auto, leisure and cycling products retailer, today
releases a trading update for the 52 weeks to 31 March 2006.
Sales in the 52 weeks to 31 March 2006 have increased by 8.4% compared with the
equivalent period last year, with like-for-like sales growing by 6.1%.
Halfords' strong position in the fast growing in-car technology sector has
continued to drive sales in Car Enhancement. Car Maintenance remains resilient
and also continues to trade positively. In the Leisure category, customers have
reacted well to the launch of the new Apollo and Carrera cycle ranges, which has
resulted in further growth in market share for the Bikehut brand.
The growth of in-car technology in particular, means that the overall sales mix
of the business has significantly changed this year and, as anticipated,
dilution of gross margin percentage has occurred.
Halfords expects to report pre-tax profits for the year to 31 March 2006 at
around £77million.
Ian McLeod, Chief Executive, said:
'Halfords' focus on driving sales and cash margin has enabled us to continue to
trade well against the backdrop of a difficult retail environment. Our store
investment plans remain on track, while trading has benefited from a strong core
business supported by successful moves into new product areas.'
Preliminary Results
Halfords will announce its preliminary results for the 52 weeks ended 31 March
2006 on Thursday 8 June 2006, including a presentation for analysts and
investors at 9.30 a.m. at The City Presentation Centre, 4 Chiswell Street,
London, EC1Y 4UP.
Company Websites
www.halfords.com www.halfordscompany.com
For further information:
Media
Gainsborough Communications
Andy Cornelius 020 7190 1703
Julian Walker 020 7190 1705
Analysts
Halfords Group plc
Ian McLeod, Chief Executive
Nick Carter, Finance Director
Tony Newbould, Investor Relations 020 7995 9611 (on the day until 10:00am)
Notes to Editors:
Halfords Group plc (www.halfordscompany.com)
Halfords is the UK's leading auto, leisure and cycling products retailer with
408 stores and nearly 10,000 employees.
The Group sells c.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 the latest outdoor leisure and camping equipment. Halfords' own brands
include Ripspeed, for car enhancement, and Bikehut, for cycles and cycling
accessories, including the Apollo and Carerra brands. Stores offer a 'We'll Fit
It' service for car parts, child seats, satellite navigation and in-car
entertainment systems.
Halfords is a FTSE 250 company. It was established in 1892 and was successfully
floated on the London Stock Exchange in June 2004.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.