COLEFAX GROUP PLC

Report Publication Announcement • Sep 18, 2019

National Storage Mechanism | Additional information

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RNS Number : 6797M

Colefax Group PLC

18 September 2019

AIM: CFX

18 September 2019

COLEFAX GROUP PLC

("Colefax" or "the Group")

AGM STATEMENT

Colefax will hold its Annual General Meeting at 11am this morning when David Green, Chief Executive, will make the following comment on current trading:

"Since we announced our year end results in July, trading conditions have remained challenging in most of our major markets.

"In the Group's core Fabric Division, total sales for the four months to 31 August decreased by 1% but by 5% on a constant currency basis. In the US, which is our largest market, sales decreased by 5% on a constant currency basis, compared to a 4% increase for the same period last year. In the UK and Europe, sales decreased by 3% on a constant currency basis.

"We have just entered our important autumn selling season and based on current trends we remain cautious about the outlook for the full year."

Enquiries:

Colefax Group plc	David Green, Chief Executive	Tel: 020 7318 6000
	Rob Barker, Finance Director
KTZ Communications	Katie Tzouliadis   Dan Mahoney	Tel: 020 3178 6378
Peel Hunt LLP (Nominated Advisor And Broker)	Adrian Trimmings George Sellar	Tel: 020 7418 8900

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