Share Name Share Symbol Market Type Share ISIN Share Description
John Lewis Of Hungerford Plc LSE:JLH London Ordinary Share GB0004773148 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.50 0.45 0.55 0.50 0.50 0.50 8,236 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 8.3 -0.2 -0.2 - 1

John Lewis Of Hungerford PLC Trading Update

07/05/2019 8:21am

UK Regulatory (RNS & others)


John Lewis Of Hungerford (LSE:JLH)
Historical Stock Chart

1 Year : From Jan 2019 to Jan 2020

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RNS Number : 1936Y

John Lewis Of Hungerford PLC

07 May 2019

7 May 2019

John Lewis of Hungerford plc

(the "Company")

Trading Update

John Lewis of Hungerford Plc (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, provides an update to the market on current trading.

We remain confident that the business continues to trade positively with deposits taken tracking ahead of those taken in the same period in the prior year. However, we have experienced a slow-down in converting deposits taken into full orders. We believe this is primarily due to the prevailing market conditions impacting customer confidence, which remain affected by uncertainty due to Brexit and the retail climate generally. Sales for the second half are expected to be approximately 10% ahead of the prior year, although lower than management expectations by approximately GBP400,000.

Further to the statement contained within our Interim Report announced on 18 March 2019, the Board therefore no longer expects to recover much of the loss reported for the six months ended 31 December 2018. As such, the Company expects to report a loss for the year ended 30 June 2019.

The Board continue to monitor sales closely and will provide a further update as appropriate.

Enquiries:

 
 John Lewis of Hungerford plc 
  Gary O'Brien - Chairman        01235 774300 
 
 Cenkos Securities plc 
  Katy Birkin 
  Azhic Basirov                  0207 397 8900 
 

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014 until the release of this announcement.

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.

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May 07, 2019 03:21 ET (07:21 GMT)

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