Halfords Group PLC
07 April 2005
7 April 2005
Halfords Group Plc
Trading Update
Halfords Group, the UK's leading auto, leisure and cycling products retailer,
today releases a trading update for the 52 weeks to 1 April 2005.
Sales in the 52 weeks to 1 April 2005 have increased by 8.6 per cent compared
with the 53 weeks ended 2 April 2004, and by 10.5 per cent compared with the 52
week period in the previous year.
Like-for-like sales have increased by 8.9 per cent compared with the equivalent
52 weeks last year. Underlying LFL sales, excluding stores where a mezzanine has
been added, have grown by 8.2 per cent.
Halfords Group has achieved sales growth across all four of its key categories
of car maintenance, car enhancement, cycling, and travel solutions, whilst
continuing to focus on controlling costs.
The Board expects to report results for the financial year in line with
management expectations and remains confident about the growth prospects for
Halfords as the Group continues to develop its store and product portfolio.
Preliminary results for the 52 weeks to 1 April 2005 will be announced on 9 June
2005.
Enquiries
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
Notes:
Halfords is the UK's leading auto, leisure and cycling products retailer with
397 stores and over 9,000 employees.
The Group sells 11,000 different product lines and has market leading positions
in four broad product categories; car maintenance, car enhancement, cycling and
travel solutions. Halfords' products range from car parts and cycles through to
the latest in-car entertainment and satellite navigation equipment, 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. Stores offer a 'We'll fit it'
service for baby seats, car phones and car entertainment systems, together with
new concepts such as Kids Zone and Autoclinic.
Halfords is a FTSE 250 company. It was established in 1892 and was successfully
floated on the London Stock Exchange in June 2004.
This information is provided by RNS
The company news service from the London Stock Exchange
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