Colefax Group plc

CFX

17 September 2014

 

 

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 020 7318 6000

KTZ Communications

Katie Tzouliadis

Tel 020 3178 6378

Peel Hunt LLP

(Nominated Advisor

And Broker)

Dan Webster, Richard Brown, Matthew Armitt

Tel 020 7418 8900

 

 

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