Colefax Group PLC (CFX) Announcements

Colefax Group Plc

(the "Company")

AGM Statement
 
David Green, Chairman of Colefax Group Plc, will make the following comment on current trading at the
Company's AGM later today.

 

Since we announced our final results in July, trading in all our major markets has continued to improve
against weak prior year comparatives. In our core fabric division like-for-like sales for the four
months to 31 August 2010 are up by 10% in the US, 20% in the UK and 13% in Europe. As the Company
enters its important autumn selling season we remain cautious about the trading outlook, especially in
the UK where the general economy is likely to be affected by tax increases and government spending cuts.
In the US, which is our most important market, sales are showing a slow but steady improvement following
exceptionally weak trading last year.  

 

Enquiries:

 

Colefax Group Plc       David B Green             Tel 020 7318 6000

 

Biddicks                Katie Tzouliadis          Tel 020 7448 1000

 

KBC Peel Hunt           David Anderson            Tel 020 7418 8900

(Nominated Advisor      Dan Webster
and Broker)

END

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