ScS Group PLC AGM Statement (1441X)
22 November 2017 - 6:00PM
UK Regulatory
TIDMSCS
RNS Number : 1441X
ScS Group PLC
22 November 2017
22 November 2017
ScS Group plc
("ScS", or the "Group")
AGM Statement
ScS, one of the UK's largest retailers of upholstered furniture
and floorings, will hold its Annual General Meeting today at 14.00
at Ramside Hall Hotel, Durham, DH1 1TD, at which Alan Smith,
Chairman, will make the following statement:
"The Board is pleased to report that the Group has made a good
start to the financial year, with like-for-like order intake up
2.9% for the 16 weeks ended 18 November 2017, and two-year
like-for-like orders up 8.0%.
The core ScS business has continued to perform well, with
like-for-like order intake up 3.6%, and two-year like-for-like
orders up 7.9%.
Our House of Fraser concessions, which represented 6.2% of Group
order intake in the period, have seen like-for-like orders decline
6.4% against very strong comparatives, with two-year like-for-like
orders up 10.0%.
We remain on schedule to open a new store in Chelmsford on
Boxing Day 2017. The Group will then trade from 101 ScS stores and
operate 27 House of Fraser concessions.
Whilst it is still early in the current financial year, the
Group continues to trade in line with our expectations. We believe
the Group's increasing resilience and value proposition will enable
us to manage the continued economic uncertainty and take advantage
of opportunities."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
ScS Group PLC c/o Buchanan +44 (0)20
David Knight, Chief Executive 7466 5000
Officer
Chris Muir, Chief Financial
Officer
Buchanan Tel: +44 (0)20 7466
Richard Oldworth 5000
Madeleine Seacombe scs@buchanan.uk.com
Shore Capital Tel: +44 (0)207 408
Ed Matthews 4050
Patrick Castle
This information is provided by RNS
The company news service from the London Stock Exchange
END
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