Trading Update

RNS Number : 2415M

ScS Group PLC

19 January 2016

 

For Immediate Release

19 January  2016

ScS Group plc ("the Company")

Trading Update

ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update ahead of announcing Interim Results for the 26 weeks ended 23 January 2016.

Trading over the key Christmas and January sales period remained strong within both ScS and House of Fraser, resulting in total like-for-like order intake for the 25 weeks ended 16 January 2016 up 8.8%. This is a pleasing result against tough comparatives in the previous year.  

As a result the Group expects to report profits significantly ahead of current market expectations for the year 2015/2016.

David Knight, Chief Executive Officer of ScS commented:

"Whilst we still have key trading periods over Easter and the two May bank holidays in the current financial year, we are delighted with the performance over the Christmas and January sales period and for the year to date."

Enquiries:

ScS Group PLC David Knight, Chief Executive Officer Ron Turnbull, Chief Financial Officer	c/o Buchanan [phone]
Buchanan Mark Edwards / Gabriella Clinkard/ Jane Glover	Tel: [phone] [e-mail]
Investec Garry Levin / David Flin / George Price / Symmie Swil	Tel: [phone] Fax: [phone]

 

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