RNS Number:4778F
European Home Retail plc
30 June 2006


For Immediate Release                                               30 June 2006



                            EUROPEAN HOME RETAIL plc

                           Further Re: Trading Update



The Board of European Home Retail plc announces that further to the trading
update announced on 23 March, the Group is trading in line with the revised
expectations as set out in that announcement.


However, the Group's voucher provider, Choice, went into administration earlier
this year. The result of this has been a change in the environment in the
voucher marketplace. The likely effect of this is that future payment terms for
vouchers will be less advantageous than in the past. Such a change in payment
terms would give rise to an Autumn peak borrowing requirement substantially
higher than in previous years and above current bank facilities.


The Board is exploring all options to arrange additional financing for this peak
period.



                                      End




For further information contact:

European Home Retail plc                                 01793 606000
William Rollason, Chief Executive

Buchanan Communications                                  020 7466 5000
Richard Oldworth/ Suzanne Brocks




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
MSCEALKEDFFKEFE
European Home Retail (LSE:EHR)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more European Home Retail Charts.
European Home Retail (LSE:EHR)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more European Home Retail Charts.