Colefax Group PLC Trading Update (8092I)

TIDMCFX

RNS Number : 8092I

Colefax Group PLC

21 April 2022

AIM: CFX

COLEFAX GROUP PLC

("Colefax" or "the Group")

Full Year Trading Update

Since we announced our interim results on 27 January 2022 trading in our two major markets the US and the UK has been ahead of expectations reflecting strong demand for home-related spending. In addition our Decorating Division will deliver an exceptional performance this year due to the timing of completion of a major UK project. Fabric Division profitability is highly operationally geared and as a result of higher than expected sales the Board now expects the Group's profits before tax for the year ended 30 April 2022 to be ahead of market expectations. Like many businesses we are experiencing significant inflationary pressures so although demand is currently strong this adds a note of caution to prospects for the year ahead.

Enquiries:

 
 Colefax Group plc     David Green, Chief    Tel: [phone] 
                        Executive 
                       Rob Barker, Finance 
                        Director 
 KTZ Communications    Katie Tzouliadis      Tel: [phone] 
                        Dan Mahoney 
 Peel Hunt LLP         Adrian Trimmings      Tel: [phone] 
  (Nominated Advisor    Andrew Clark 
  And Broker) 
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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April 21, 2022 02:00 ET (06:00 GMT)