Pre-close Trading Update

RNS Number : 4817D

Shoe Zone PLC

27 October 2015

 

27 October 2015

Shoe Zone PLC

Pre-close Trading Update

Shoe Zone PLC (the "Group"), the UK's largest value footwear retailer, reports on trading for the 52 week period to 3 October 2015, prior to entering its close period. The Board will announce Final Results for the period on Wednesday 13 January 2016.

The Group has traded well in the second half of the year and expects to report revenues for the 52 week period to be in the region of £166.8 million (2014: £172.9 million), reflecting the continued planned closure of loss making stores. The Board expects pre-tax profit for the period to be in line with expectations.

The Group ended the year with 535 stores, having opened 18 and closed 28 during the period. The business continues to have strong cash conversion and closed the year with an approximate net cash balance of £14.2m (2014: £9.1m).

There have been no significant unexpected changes in the financial position of the Group since the publication of the Interim Report for the half-year ended 4 April 2015.

For further information please call:

Shoe Zone plc Anthony Smith (CEO) Charles Smith (COO) Nick Davis (CFO)	Tel: [phone]
Numis Securities Limited (Nominated Adviser & Broker) Mark Lander Oliver Cardigan	Tel: [phone]
FTI Consulting (Financial PR) Jonathon Brill Alex Beagley Eleanor Purdon	Tel: [phone]

 

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