Trading Statement
July 13 2005 - 3:01AM
UK Regulatory
RNS Number:8128O
Bright Futures Group PLC
13 July 2005
Bright Futures Group
("Bright Futures Group" or the "Group")
Trading update
Bright Futures Group, the UK's largest specialist retailer of mobility products
for the elderly, announces that like for like sales for the first half of 2005
are expected to be approximately 21% down on the first half of 2004. This is due
to the general downturn in discretionary expenditure, in particular on mobility
scooters. As a consequence of the challenging trading environment and the
previously reported withdrawal from the wholesale market, our financial results
in 2005 are likely to be significantly below market expectations.
The Board has commenced an operational review of the business to identify
initiatives to improve the financial results of the Group. Despite the difficult
environment we are committed to our store opening plan, reflecting the positive
contribution made by our stores. The Group maintains a strong balance sheet and
cash position and the Board believes that these developments, including expected
cost efficiencies, will allow the Group to manage its resources effectively.
For further information:
Stephen Harpin, CEO 01902 867083
Bright Futures Group plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTDGGMNGZNGKZZ
Bright Futures (LSE:BRF)
Historical Stock Chart
From Nov 2024 to Dec 2024
Bright Futures (LSE:BRF)
Historical Stock Chart
From Dec 2023 to Dec 2024