Halfords Group PLC
02 August 2006
Halfords Group plc
2 August 2006
Halfords Group plc ('Halfords') - AGM Trading Statement
The following is an extract from the report that will be presented at Halfords'
Annual General Meeting to be held today:
In the 17 weeks to 28 July 2006 total sales for the Company increased by 9.5%,
like-for-like sales are up by 6.6% and underlying like-for-like sales, which
excludes Easter, increased by 4.5%.
The level of dilution of gross profit percentage has continued to reduce
significantly since the last financial year.
During July, Halfords completed the refinancing of its debt, to provide a
platform for future developments. Halfords now operates with a non-amortising
term loan of £180m, with a revolving credit facility of £120m.
The next trading update will be provided on 5 October 2006, which will cover the
26 weeks to 29 September 2006.
Notes:
Halfords Group plc
Halfords is the UK's leading auto, leisure and cycling products retailer, with
417 stores and 10,000 employees. It was established in 1892 and was successfully
floated on the London Stock Exchange in June 2004. The Group sells 11,000
different product lines, ranging from car parts and cycles through to the latest
in-car technology, alloy wheels, child seats, roof boxes and the latest outdoor
leisure and camping equipment. Halfords' own brands include Ripspeed, for car
enhancement, and Bikehut, for cycles and cycling accessories, including the
Apollo and Carrera brands. Stores offer a 'We'll fit it' service for car parts,
child seats, satellite navigation and in-car entertainment systems, and a 'We'll
repair it' service for cycles.
- ends -
For further information contact:
Gainsborough Communications 020 7190 1703
Andy Cornelius / Julian Walker
Halfords Group plc
Tony Newbould - Investor Relations 01527 513113
This information is provided by RNS
The company news service from the London Stock Exchange
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