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Share Name Share Symbol Market Type Share ISIN Share Description
Colefax Group Plc LSE:CFX London Ordinary Share GB0002090453 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 355.00 340.00 370.00 355.00 355.00 355.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 86.4 5.1 39.3 9.0 49

Colefax Group PLC AGM Statement

18/09/2019 7:00am

UK Regulatory (RNS & others)


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RNS Number : 6797M

Colefax Group PLC

18 September 2019

AIM: CFX

18 September 2019

COLEFAX GROUP PLC

("Colefax" or "the Group")

AGM STATEMENT

Colefax will hold its Annual General Meeting at 11am this morning when David Green, Chief Executive, will make the following comment on current trading:

"Since we announced our year end results in July, trading conditions have remained challenging in most of our major markets.

"In the Group's core Fabric Division, total sales for the four months to 31 August decreased by 1% but by 5% on a constant currency basis. In the US, which is our largest market, sales decreased by 5% on a constant currency basis, compared to a 4% increase for the same period last year. In the UK and Europe, sales decreased by 3% on a constant currency basis.

"We have just entered our important autumn selling season and based on current trends we remain cautious about the outlook for the full year."

Enquiries:

 
 Colefax Group plc     David Green, Chief    Tel: 020 7318 6000 
                        Executive 
                       Rob Barker, Finance 
                        Director 
 KTZ Communications    Katie Tzouliadis      Tel: 020 3178 6378 
                        Dan Mahoney 
 Peel Hunt LLP         Adrian Trimmings      Tel: 020 7418 8900 
  (Nominated Advisor    George Sellar 
  And Broker) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

AGMLRMFTMBIBBLL

(END) Dow Jones Newswires

September 18, 2019 02:00 ET (06:00 GMT)

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