Regulatory Filings • Jan 12, 2016
Regulatory Filings
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National Storage Mechanism | Additional information
RNS Number : 5158L
H&T Group PLC
12 January 2016
12 January 2016
H&T Group plc
Trading Update
H&T Group plc ("H&T" or "the Group"), which trades under the H&T Pawnbrokers and est1897 brands, today issues a trading update prior to the announcement of its preliminary results for the year ended 31 December 2015. H&T expects to report its preliminary results for the year ended 31 December 2015 on 3 March 2016.
The Board expects full year profit before tax to be broadly in line with current market consensus expectations.
The Group has delivered a solid trading performance in the year, maintaining the pledge book and producing year-on-year growth in the Retail, Personal Loans and Other Services segments. Cash generation has been strong during the year and resulted in net debt at year end of £2.1m (2014: £9.7m).
The pledge book increased by 1.3% to £39.0m as at 31 December 2015 (2014: £38.5m). The pledge book has stabilised over the last 18 months as the pawnbroking market adjusts to the new trading environment.
During the year the Group closed two underperforming stores, at 31 December 2015 the Group operated from 189 stores, comprising 150 H&T Pawnbrokers stores and 39 est1897 retail focused stores.
ENDS
For further information:
H&T Group plc
Tel: 020 8225 2797
John Nichols, Chief Executive
Steve Fenerty, Finance Director
Numis Securities (Broker and Nominated Adviser)
Tel: 020 7260 1000
Etienne Bottari / Freddie Barnfield - Nominated Adviser
Mark Lander - Corporate Broking
Haggie Partners (Public Relations)
Tel: 020 7562 4444
Damian Beeley
Brian Norris
This information is provided by RNS
The company news service from the London Stock Exchange
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