Trading Update
12 November 2003 - 6:00PM
UK Regulatory
RNS Number:9566R
Hartford Group PLC
12 November 2003
HARTFORD GROUP PLC
("Hartford" or "the Group")
Trading Update for the year ended 27 September 2003 and Board Change
Hartford will be announcing its results for the year ended 27 September 2003 in
early January 2004, to be incorporated with an update on Christmas trading.
Today's announcement is to update investors on progress since our last
announcement in June 2003.
Trading in the second half of the financial year met expectations, resulting in
the business generating positive cash flow for the financial year as a whole.
In addition, costs have continued to be well controlled, with good gross margin
delivery, resulting in the business moving into profitability over the last
quarter. Comparable sales from continuing business for the financial year just
ended are 2.5% below the previous year.
We also announce that Sheila McKenzie has resigned as a director of Hartford.
Sheila joined Hartford in December 2000 as Chief Executive and latterly as
Development Director. The Board thanks her for her contribution during this
critical period of business transformation.
12 November 2003
ENQUIRIES:
Hartford Group PLC Tel: 020 7269 6370
James Kowszun, Chief Executive
College Hill
Justine Warren Tel: 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTNKDKBOBDDADD