Ramsdens Holdings PLC Trading Update (5101P)
01 September 2017 - 4:00PM
UK Regulatory
TIDMRFX
RNS Number : 5101P
Ramsdens Holdings PLC
01 September 2017
1 September 2017
Ramsdens Holdings PLC
("Ramsdens", "the Company", "the Group")
Trading Update
Ramsdens Holdings PLC, the diversified financial services
provider and retailer, is pleased to announce that the strong
foreign exchange results in the early summer months gained
additional momentum through the traditional peak period of July and
August. In addition, the Group is benefiting from its jewellery
retail initiatives and these, along with the continued strong gold
price, has helped the precious metals buying and pawnbroking
segments.
As a result we expect our interim and full year profit before
tax to be significantly ahead of market expectations.
Peter Kenyon, CEO of Ramsdens commented:
"We are delighted to report a strong trading period across all
the Company's core business segments and in particular a strong
peak trading period for foreign exchange.
We have a trusted and recognised brand, a leading store
portfolio, an exceptional team and a diversified offering. We look
forward to further updating our stakeholders with our Interim
Result results in late November."
Enquiries:
Ramsdens Holdings PLC Via Hudson Sandler
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nomad) Tel: +44 (0) 20
3100 2000
Richard Crawley
Joshua Hughes
Hudson Sandler Tel: +44 (0) 20
7796 4133
Alex Brennan
Fern Duncan
This announcement contains inside information.
Cautionary statement regarding forward-looking statements
This announcement contains certain forward-looking statements.
These forward-looking statements include matters that are not
historical facts or are statements regarding the Group's
intentions, beliefs or current expectations concerning, among other
things, the Group's results of operations, financial condition,
liquidity, prospects, growth, strategies, and the industries in
which the Group operates.
Forward-looking statements are based on the information
available to the Directors at the time of preparation of this
announcement, and will not be updated. The Directors can give no
assurance that these expectations will prove to have been correct.
Due to inherent uncertainties, including both economic and business
risk factors underlying such forward looking information, actual
results may differ materially from those expressed or implied by
these forward-looking statements.
About Ramsdens
Ramsdens is a growing, diversified, financial services provider
and retailer, operating in the four core business segments of
foreign currency exchange, pawnbroking loans, precious metals
buying and selling and retailing of second hand and new
jewellery.
Headquartered in Middlesbrough, and from roots that can be
traced back to the 1970s, the Group operates from 127 stores within
the UK (including 3 franchised stores) and has a small but growing
online presence.
In the last financial year, the Group served over 700,000
customers across its different services. Ramsdens is fully FCA
authorised for its pawnbroking and credit broking activities.
https://www.ramsdensforcash.co.uk/
www.ramsdensplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUAVNRBAAWOAR
(END) Dow Jones Newswires
September 01, 2017 02:00 ET (06:00 GMT)
Ramsdens (LSE:RFX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ramsdens (LSE:RFX)
Historical Stock Chart
From Apr 2023 to Apr 2024