Actif Group PLC
14 December 2005
14 December 2005
Actif Group PLC
('Actif Group' or 'Company')
Trading update
The board of Actif Group announces that the weak demand experienced in both the
retail and wholesale areas of the business has continued since the trading
statement issued in October. As a result the board expects to report a loss for
the business for the current financial year in excess of the loss reported for
last year.
The Company's return to profitability is being hampered by weak full price
retail sales on the high street and the level of wholesale orders as retailers
take a more pessimistic view of levels of consumer demand for Spring/Summer '06
ranges.
Nevertheless, the Company has seen a positive reaction to range improvements
this season, albeit at a slower rate than planned.
The Company is on target to deliver approximately £650,000 of cost savings (or
14% of the total cost base) as highlighted at the year-end.
Enquiries:
Actif Group plc (020 7436 0222) Hudson Sandler (020 7796 4133)
Mark Evans, Chief Executive (m: 07977 018 007) Wendy Baker
This information is provided by RNS
The company news service from the London Stock Exchange
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