ScS Group PLC H1 Trading Statement (3828D)
31 January 2018 - 6:00PM
UK Regulatory
TIDMSCS
RNS Number : 3828D
ScS Group PLC
31 January 2018
31 January 2018
ScS Group plc
("ScS", or the "Group")
H1 TRADING STATEMENT
TRADING IN LINE WITH BOARD'S EXPECTATIONS
ScS, one of the UK's largest retailers of upholstered furniture
and floorings, today issues the following trading update ahead of
announcing its interim results for the 26 weeks ended 27 January
2018 on 21 March 2018.
The Group achieved like-for-like order intake growth of 2.2% and
two-year like-for-like order intake growth of 5.3% for the 26 weeks
ended 27 January 2018.
The core ScS business has continued to perform well, with
like-for-like order intake up 2.5%, and two-year like-for-like
orders up 4.7%. Our House of Fraser concessions, which represented
7.4% of Group order intake in the period, have seen like-for-like
orders decline 0.4%, with two-year like-for-like orders up
13.2%.
Following the opening of our new store in Chelmsford on Boxing
Day, the Group now trades from 101 ScS stores and operates 27 House
of Fraser concessions.
The Board is also pleased to announce an extension of the
Group's committed GBP12m revolving credit facility to November
2021.
The Group has traded in line with the Board's expectations in
the first half of the financial year, including the key winter
sales period. 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
David Knight, Chief Executive (0)20 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
Patrick Castle 4050
Dru Danford
This information is provided by RNS
The company news service from the London Stock Exchange
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