AGA RANGEMASTER AGM Statement

 
TIDMAGA 
 
30th April 2015 
 
                           AGA RANGEMASTER GROUP PLC 
                                 AGM STATEMENT 
 
AGA Rangemaster Group plc is holding its Annual General Meeting at 11am today 
at which the following statement will be made by the Chairman, John Coleman. 
 
"2014 was a year in which our new product mix brought benefits as market 
conditions improved. We saw overall revenue growth of nearly 5%, with UK growth 
of over 8% where sales of both AGA and Rangemaster cookers were good. We saw 
really strong performances from Fired Earth in the UK and from AGA Marvel in 
North America. That was somewhat offset by tough trading conditions for Grange 
furniture in North America and for Waterford Stanley in Ireland. 
 
At the start of 2015 the UK market for appliances has strengthened and growth 
is expected this year. For us the emphasis for our UK brands is on our spring 
promotions which are now underway. In North America we are into the third year 
of growth and the new energy efficiency regulations introduced in September 
2014 are helping our market position. The benefits of our strong product 
introduction programmes should now be seen in our international markets. 
 
In January we appointed Rothschild to explore a number of strategic options and 
progress is being made." 
 
Enquiries: 
 
William McGrath / Shaun Smith, AGA Rangemaster Group plc - 01926 455 731 
Simon Sporborg / Nina Coad, Brunswick - 0207 404 5959 
 
 
 
END