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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aga Rangemaster | LSE:AGA | London | Ordinary Share | GB00B2QMX606 | ORD 46 7/8P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 184.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAGA 15th November 2013 FOR IMMEDIATE RELEASE AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER") INTERIM MANAGEMENT STATEMENT Sound trading with AGA sales hotting up AGA Rangemaster, the range cooker and kitchen living specialist, today issues an interim management statement for the period from 1st July 2013. Activity in the Group's markets has started to pick up as expected, with an improvement in the number of housing transactions following on from the acceleration in the levels of mortgage approvals. AGA cooker orders are promising and are now up over 15% so far this year. The AGA Dual Control launched in July is encouraging existing owners to trade up and, together with the Total Control launched in 2011, now represent over half of AGA cooker orders since the half year. For the Group as a whole we expect second half revenues to be ahead of last year: order intake is currently up around 3% year to date. The transition from tougher to more normalised markets for our brands is not uniform. Rangemaster orders are just ahead for the year to date, having trailed in the first half. Rayburn and Stanley cast iron cooker sales are down. AGA Marvel sales in North America continue to be comfortably ahead of the prior year. Fired Earth orders are up 4% for the year to date but Grange orders are down. Trend lines suggest a sound performance in 2013 with an improving outlook for 2014 as sales and product initiatives come to fruition. For example, our first shipment of AGA and Rangemaster products for the Chinese market, to be sold in collaboration with Vatti, will be made shortly in preparation for a full launch in the first quarter of 2014. William McGrath, Chief Executive commented: "The improving housing market creates a more positive backcloth for the Group and sales trend lines in most of our operations are encouraging. However, until household goods expenditure starts growing, it is right to be cautious. AGA sales are a hot spot fueled by our new generation of product and as home moves increase, our products come front of mind." Enquiries: William McGrath, Chief Executive, AGA Rangemaster - 01926 455731 Charlotte Winsley / Laura Jack, Brunswick Group - 020 7404 5959 END
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