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AGA Aga Rangemaster

184.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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

Pre-Close Trading Update

14/01/2008 7:01am

UK Regulatory


    14th January 2008

FOR IMMEDIATE RELEASE

                       AGA FOODSERVICE GROUP PLC ("AGA")                       

                           PRE-CLOSE TRADING UPDATE                            

Aga which sells premium cookers, refrigerators and cookware is issuing its
regular pre-close trading update ahead of its preliminary results for the year
ended 31st December 2007 which will be announced on 14th March 2008.

In 2007 the Group delivered on its stated strategy of focusing on its consumer
brands through the sale of its foodservice operations for £260 million which
will result in another significant return of cash to shareholders. Details of
the return will be announced with the preliminary results on 14th March 2008.
Trading performance in 2007 was satisfactory. Profit before tax of the
continuing businesses is estimated at over £26 million.

For the Aga, Rayburn and Stanley cast iron cooker lines while leads remained
good, sales fell just short of the 20,000 achieved in 2006 as conversion into
sales slowed towards the end of the year. Our cookware businesses performed
well throughout the year.

Our Rangemaster business had another excellent, record year in 2007 - achieving
revenue growth of close to 10% and cooker unit sales in excess of 75,000.
Expansion outside the UK, where over 20% of cookers are now sold, notably in
France and Ireland, is a central feature of the progress being achieved. We
continue to focus on improving returns at Fired Earth and Grange with useful
progress being made in the second half.

The cyclically slow consumer markets in the USA held back our under-counter
refrigeration operation, Marvel, after a particularly strong 2006. The new
generation of electronically controlled products now available will provide
renewed impetus for 2008.

Current order books and leads at our major businesses are comparable to
last year.

William McGrath, Chief Executive: "In 2007 we delivered on our plans to create
a single focus for the Group. 2008 is likely to prove a demanding year for
consumer businesses but we have excellent prospects as we seek to generate the
returns from our premium brands and the recent investments we have made in
product, manufacturing and routes to market."

- ENDS -

Enquiries:

William McGrath, Chief Executive, Aga Foodservice Group plc - 0121 711 6015

Simon Sporborg/Charlotte Kenyon, Brunswick Group            - 020 7404 5959

Note:

A presentation to be used in discussions with analysts today will be available
to download at www.agafoodservice.com during the course of the day.



END



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