MFI Furniture Group PLC
08 September 2005
8 September 2005
MFI Furniture Group Plc
Trading Update
MFI Furniture Group Plc issues its trading statement for the period from 26
December 2004 to 7 September 2005, which includes UK Retail's August Bank
Holiday promotional period.
Group net orders for this period show a year on year increase of 1% on a total
basis and a decline of 1% on a same store basis.
Total Same store
Howden Joinery 10% 8%
UK Retail (6)% (7)%
France Retail 11% 7%
Group 1% (1)%
Group delivered sales increased by 5% on a total basis and 3% on a same store
basis compared to last year.
Howden Joinery sales (which equate to net orders) were up 10% on the same period
in 2004 with same store growth up 8% in a challenging market environment. The
important autumn trading period begins in mid October.
Within UK Retail total net orders were down 6% on the prior year, with same
store net orders down 7%. Since the commencement of the second half we have
experienced a deteriorating market place, with associated increased volatility.
There has been a 15% decline in orders since the half year, when compared to the
same period last year. Following the further modifications to the IT systems
undertaken in the early summer, the supply chain continues to perform reliably,
leading to improving levels of delivery execution and customer service.
Hygena Cuisines, our French retail business, continues to record a strong
performance with total net orders up 11% and same store net orders in local
currency up 7% on the same period last year.
Our pre-close trading update will be in December.
Enquiries
John Hancock Chief Executive Officer 020 8913 5319
Mark Robson Chief Financial Officer 020 8913 5350
Susan Gilchrist / Fiona Laffan Brunswick 020 7404 5959
Anna Jones
This information is provided by RNS
The company news service from the London Stock Exchange
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