Earnings Release • Jan 19, 2016
Earnings Release
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RNS Number : 2415M
ScS Group PLC
19 January 2016
| For Immediate Release | 19 January 2016 |
ScS Group plc ("the Company")
Trading Update
ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update ahead of announcing Interim Results for the 26 weeks ended 23 January 2016.
Trading over the key Christmas and January sales period remained strong within both ScS and House of Fraser, resulting in total like-for-like order intake for the 25 weeks ended 16 January 2016 up 8.8%. This is a pleasing result against tough comparatives in the previous year.
As a result the Group expects to report profits significantly ahead of current market expectations for the year 2015/2016.
David Knight, Chief Executive Officer of ScS commented:
"Whilst we still have key trading periods over Easter and the two May bank holidays in the current financial year, we are delighted with the performance over the Christmas and January sales period and for the year to date."
Enquiries:
| ScS Group PLC David Knight, Chief Executive Officer Ron Turnbull, Chief Financial Officer |
c/o Buchanan +44 (0)20 7466 5000 |
| Buchanan Mark Edwards / Gabriella Clinkard/ Jane Glover |
Tel: +44 (0)20 7466 5000 [email protected] |
| Investec Garry Levin / David Flin / George Price / Symmie Swil |
Tel: +44 (0) 20 7597 5970 Fax: +44 (0) 20 7597 5120 |
This information is provided by RNS
The company news service from the London Stock Exchange
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