RNS Number : 9107N
Colefax Group PLC
28 September 2023
 

AIM: CFX 

COLEFAX GROUP PLC

 

("Colefax" or "the Group")

 

AGM STATEMENT

 

Colefax will hold its Annual General Meeting at 11.00am this morning and David Green, Chief Executive, will make the following comment on current trading:

 

"Since we announced our full year results on 8 August, trading conditions have remained in line with our expectations.

 

"In the Group's core Fabric Division, sales for the 21 weeks to 23 September 2023 were down by 1% on a constant currency basis. Sales the US, which is our largest market accounting for 64% of the Fabric Division total, were down by 4% against strong prior year comparatives. Sales in the UK were up by 5% and sales in Europe were up by 2% on a constant currency basis.

 

"We have just entered our important autumn selling season and as reported when we announced our year end results, we are expecting trading conditions to become progressively more challenging due to the adverse impact of high interest rates on housing transactions and home spending."

  

Enquiries:

Colefax Group plc

David Green, Chief Executive

Tel: 020 7318 6000


Rob Barker, Finance Director


KTZ Communications

Katie Tzouliadis  

Robert Morton

Tel: 020 3178 6378

Peel Hunt LLP

(Nominated Advisor

And Broker)

Adrian Trimmings

Andrew Clark

Tel: 020 7418 8900

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGMLRMLTMTJTBTJ