Trading Update

RNS Number : 7810T

Leeds Group PLC

25 March 2019

 

Leeds Group plc

("Leeds Group" or the "Company")

Trading Update

Leeds Group wishes to update the market on its expectations for the financial year ending 31 May 2019.

As noted in our Interim Report, trading performance at our operating subsidiaries has been challenging with increased competition in a reduced market in the first half of the year. Despite this, the Board believed, at that time, that the underlying profit before tax for the full year would be at a higher level than last year.

However, the trading performance of the operating subsidiaries in the second half of the year has been below the Board's expectations as market conditions have not improved and this is expected to continue for the rest of the financial year. The Group profit before tax for the full year is therefore expected to be below the Board's expectations for the current financial year.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR) and has been arranged for release by Jan G Holmstrom, Chairman.

Enquiries:

Leeds Group plc                                                    Cairn Financial Advisers LLP

Dawn Henderson - 07747 777055                     Tony Rawlinson / Liam Murray - 020 7213 0880

 

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