Colefax Group PLC Trading Update (8092I)
21 April 2022 - 4:00PM
UK Regulatory
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: 020 7318 6000
Executive
Rob Barker, Finance
Director
KTZ Communications Katie Tzouliadis Tel: 020 3178 6378
Dan Mahoney
Peel Hunt LLP Adrian Trimmings Tel: 020 7418 8900
(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.
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
TSTURUNRUVUSUAR
(END) Dow Jones Newswires
April 21, 2022 02:00 ET (06:00 GMT)
Colefax (LSE:CFX)
Historical Stock Chart
From Apr 2024 to May 2024
Colefax (LSE:CFX)
Historical Stock Chart
From May 2023 to May 2024