Year End Trading Update

 

TIDMAMR 
 
RNS Number : 2091S 
Armour Group PLC 
06 September 2010 
 

                   Armour Group plc ("Armour" or the "Group") 
 
                            Year End Trading Update 
 
 
 
Armour, the UK's leading consumer electronics group focused on the in-car 
communications and entertainment and home entertainment markets, today issues 
the following trading update: 
 
 
The Group performance in the first half of the year had held up well, despite 
the impact of the poor weather in January and February 2010.  The second half of 
the year has been more challenging with trading patterns being unpredictable as 
concerns over the effects of the wider economic outlook undermined consumer 
confidence.  This was particularly evident in the last quarter where a 
combination of weak consumer demand and a high level of stock remaining in the 
retail channel following the football World Cup depressed the Group's sales and 
results.  Consequently the Board now expects the result for the year to 31 
August 2010 to be approximately 25% below that reported for the year to 31 
August 2009. 
 
The Board remains confident that, despite the uncertain economic climate, the 
Group will continue to further develop its business and make progress in the 
year ahead. 
 
The preliminary announcement of the results for the year ended 31 August 2010 
will be made on 23 November 2010. 
 
 
 
 
 
6 September 2010 
 
Further Details: 
George Dexter               Armour Group PLC 
Tel:          [phone] 
John Harris 
 
Geoff Nash                    FinnCap 
          Tel:          [phone] 
Stephen Norcross (Broking) 
 
Trevor Bass                   Threadneedle Communications 
Tel:           [phone] 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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