AGM Statement

RNS Number : 8604R

Colefax Group PLC

17 September 2014

 



CFX 

COLEFAX GROUP PLC

("Colefax" or "the Group")

AGM STATEMENT

Colefax will be holding its Annual General Meeting at 11am this morning and David Green, Chairman, will make the following comment on current trading.

"The Group has entered its important autumn selling season with favourable market conditions in the US and the UK but challenging conditions in most European countries.

In the Group's core Fabric Division, sales in the US for the four months to 31 August 2014 are up by 7% on a constant currency basis. The US is the Group's largest market accounting for approximately 56% of Fabric Division sales and the recent strengthening of the US dollar against Sterling is a welcome development. In the UK, sales for the four months to 31 August are up by 10% but against weak prior year comparatives. In Europe, sales for the four months to 31 August are down by 5% on a constant currency basis."

Enquiries:

Colefax Group plc	David Green	Tel: [phone]
KTZ Communications	Katie Tzouliadis	Tel: [phone]
Peel Hunt LLP (Nominated Advisor And Broker)	Dan Webster, Richard Brown, Matthew Armitt	Tel: [phone]

 

END

 

 

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