News blog
Colefax Group
- BY: Andrew Hore |
- POSTED: 06/05/2010 |
Colefax Group says that trading conditions have been better than expected in the last few months of the financial year
The upmarket furnishings and wallpaper supplier says fourth quarter UK fabric sales are 13% ahead year-on-year. Decorating and furniture businesses have also done better. The US is a much bigger market and it has been tough but fourth quarter sales are 1% higher.
Colefax is closing its Manuel Canovas beachwear business in France at an exceptional cost of £800,000.
Operating profits before exceptionals are expected to be around £3.9m, against £2.7m the year before.
House broker KBC Peel Hunt had forecast an adjusted pre-tax profit of £2.02m in the year to April 2010, down from £3.53m in 2008-09.
Management remains cautious about prospects.
At 156p a share, up 13p on the day, Colefax is valued at £22.9m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|