Silentnight Hldgs. - Chairman's AGM Statement
01 July 1997 - 1:00PM
UK Regulatory
RNS No 7640c
SILENTNIGHT HOLDINGS PLC
1st July 1997
Silentnight Holdings plc
AGM Statement
Keith Ackroyd, Chairman of
Silentnight Holdings plc, said at
today's Annual General Meeting:
"As we reported at the time of the
preliminary announcement in May, this
financial year has started well for
the Group and our results for the
first four months are ahead of
target.
In the UK, our bed sales are up 5%
against last year and cabinet sales
are up 23%. These two divisions
comprise the bulk of our business.
Abroad, our performance has been
affected by the strength of the
pound. In Sterling terms, US sales
are up 1% whilst German turnover is
down 27%.
Overall, our turnover is 7% higher
than last year. Margins have improved
in the UK and USA, but have fallen in
Germany.
We remain confident that 1997 will
see a further improvement in the
performance of the Group."
END