Trading Statement (6345N)

TIDMSC.

RNS Number : 6345N

Supercart PLC

05 September 2011

5 September 2011

SUPERCART PLC

("Supercart" or the "Company")

Pre-Close trading update

Supercart (AIM:SC.), the UK company involved in the design, marketing and distribution of plastic shopping trolleys, is pleased to provide an update to trading for the 18 months to 31 30 June 2011, ahead of its preliminary announcement of results, following the change of accounting reference date to 30 June, which is expected to be released on Monday 17 October 2011.

As announced previously the 12 months to 31 December 2010 saw a significant increase in trolley sales over the comparable 12 months in 2009 of approximately 17.2 per cent and turnover up by 21.2 per cent over that same period.

The further six month period to 30 June 2011 has seen continued progress, particularly in the important North American market. In what is traditionally the quieter trading period the Company has traded broadly in line with the Board's expectations over this period with sales over the six months to June 2011 showing a further improvement from the GBP2.8m achieved in the six months to June 2010.

Supercart announced on 27 June 2011 that the Company's US subsidiary had received its largest ever single order with a value of over $1.0m, and the Company is now fulfilling this order. The Company is also pleased to announce that it has received a number of further significant orders for its North American operations including for the substantial refurbishment of a fleet of carts for a major international retail chain. As the Company moves into the all important autumn trading period our order book remains strong.

Mike Wolfe, Chief Executive of Supercart, commented, "the Company is continuing to make good progress in the important US market, while our traditional core South African market is also performing well. Progress in Europe has been slower, but we remain confident that in time we shall build a strong market position. Prospects for the current year and beyond look encouraging."

 
 Enquiries: 
 Supercart plc 
  Chief Executive 
  Mike Wolfe                       01732 459898 
 Charles Stanley Securities 
  Nominated Adviser and Broker 
  Russell Cook/Carl Holmes        020 7149 6000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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