Trading Update

RNS Number : 6552A

ScS Group PLC

09 June 2016

 

For Immediate Release

9 June 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 after the two key May Bank Holidays.

Two positive trading updates have already been issued this financial year; first in January when we reported total like-for-like sales order intake up 8.8% for the 25 weeks ended 16 January 2016 and secondly at our interim results in April when we reported total like-for-like sales order intake up 12.0% for the first 37 weeks of the year.

We are now pleased to report the momentum has continued, with total like-for-like sales order intake increasing to 14.6% for the 45 weeks ended 4 June 2016.

As a result the Group expects to report profits ahead of current market expectations which have already been significantly upgraded during the current year.

David Knight, Chief Executive Officer of ScS commented:

"We are delighted that trading through the two key May Bank Holidays exceeded our initial expectations and the Group continues to show excellent progress on a like for like basis in all retail categories."

Enquiries:

ScS Group PLC David Knight, Chief Executive Officer Chris Muir, Chief Financial Officer	c/o Buchanan [phone]
Buchanan Richard Oldworth / Mark Edwards / Jane Glover	Tel: [phone] [e-mail]
Investec Garry Levin / David Flin / George Price / Symmie Swil	Tel: [phone]

 

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