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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cosentino Regs | LSE:MCOZ | London | Ordinary Share | GB00B0PFWS12 | ORD 1P (REG S) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 6813J Cosentino Signature Wines plc 08 December 2008 8 December 2008 Cosentino Signature Wines plc Trading update Cosentino Signature Wines plc, the AIM listed, ultra-premium brand Napa Valley based wine company, provides the market with an update of current trading. Since experiencing record trading through to September 2008, the global credit crunch had taken hold and the business has seen tough trading conditions in its core retail and wholesale divisions; the sales for October were below average for equivalent prior periods and sales in November suffered a steep decline. Despite a significant exchange related benefit due to the strengthening US dollar, the Board has concluded that the outcome for the year ending 31 December 2008, will be below current market expectations. Larry Soldinger, Chairman, said: "The current global uncertain economic climate has meant that, in line with the rest of our industry, we have seen a sudden and sharp decline in sales for the last quarter of the year, especially in the month of November. "With this in mind, we are continuing to take the necessary steps needed to further reduce our cost base and improve our operating efficiencies. We are also reevaluating the Company's debt position. With the current uncertainty of the Christmas trading period now upon us, we are focusing on assessing our strategies for 2009." Results for the year ended 31 December 2008 will be announced in March 2009. - Ends - For further information please contact: Cosentino Signature Wines plc Larry Soldinger, Chairman - 020 7831 3113 (C/O FD) Seymour Pierce Jonathan Wright - 020 7107 8000 Financial Dynamics Jonathon Brill / Billy Clegg / Ed Westropp - 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange END TSTBLBDDBXGGGIR
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