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Downtex PLC (CAW)

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Monday 13 November, 2000

Downtex PLC

Trading Update

Downtex PLC
13 November 2000

Issued on behalf of Downtex Plc
 

Downtex Plc 
Trading Update 
 
 
 
At the time of the Company's Interim Statement in September, the Board
indicated that trading conditions were difficult. These difficulties have
continued subsequently, and currently, like for like sales are down 5.6%
compared to the same period last year. Therefore the profits for the year to
31st December 2000 are now expected to be materially less than those reported
for the year ended 31 December 1999. 
 
We are pleased to report that all existing major football club customers have
renewed their contracts for terms of up to 2 years, notwithstanding current
shipments are below budgeted expectations. 
 
The new wooden flat-pack product business, which was acquired in April, has
been successfully integrated into the Company's structure and is currently
trading at maximum output. Current order books are strong and new export
markets have been opened up. 
 
Whilst the Board remains positive about the prospects of the Company, it is
concerned about the cost of oil, which has a negative impact on the cost of
carriage and packaging.  
 
The Board's strategy is to focus on continuing to provide superior quality
products and a reliable, consistent and trustworthy service to our customers. 
 
 

Enquiries: 
David Mond, Finance Director 
Downtex Plc     0161 236 6555 
 
Alan Cooke, Account Manager 
Citigate Dewe Rogerson     0121 631 2299 




                          

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