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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 |
RNS Number:9551W AGA Foodservice Group PLC 16 January 2006 16th January 2006 FOR IMMEDIATE RELEASE AGA FOODSERVICE GROUP PLC ("The Group") - PRE-CLOSE TRADING UPDATE In line with market practice, Aga Foodservice Group, which sells premium cookers and refrigerators into the domestic and commercial markets, is issuing its regular pre-close trading update, ahead of its preliminary results for the year ended 31st December 2005 which will be announced on 17th March 2006. Overview The strong trading performance of the first half was followed by further progress in the second half, and the Group expects to report results for the full year in line with market expectations. Consumer The new product-led internationalisation strategies for Aga and Rangemaster have worked well providing solid platforms for sales growth moving into 2006. The strongest performing product areas were electric Aga ranges, Rangemaster's 90cm cookers and cookware, but Fired Earth experienced more challenging trading conditions. In the important Irish market the Group had an excellent year with the position being strengthened by the acquisition of Waterford Stanley. In the US, the consumer cooker and refrigeration businesses performed well. Domain has established itself as a major Aga dealer and continues to operate in a tough home fashions market. Foodservice The European commercial operations had a good year. Aga Bakery in the UK and on the continent saw encouraging sales and order growth and expansion into new markets in Eastern Europe. In refrigeration, recent sales momentum was sustained. Prime cooking was boosted by the five-year HM Prison contract awarded in December which is worth over #5 million in the first year. In the US, Aga Bakery again performed well with Belshaw seeing increased demand for its new 'Thermoglaze' doughnut making equipment. Margins at the refrigeration operation, Victory, remained weak and moving the business increasingly towards higher margin areas, including steamers and fryers , is a priority. Financial and Strategic Position Optimism for 2006 is based on sales and marketing driving revenues from the sale of available products through established routes to market and on a strong financial position. -ENDS- Enquiries: William McGrath, Chief Executive, Aga Foodservice Group plc - 0121 711 6015 Simon Sporborg/Nina Coad, Brunswick Group - 020 7404 5959 Meetings with analysts are planned for Tuesday 17th January and a copy of the presentation to be used will be available at www.agafoodservice.com. This information is provided by RNS The company news service from the London Stock Exchange END TSTSFSSMMSMSELF
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