Interim Management Statement
February 05 2008 - 2:01AM
UK Regulatory
RNS Number:2799N
Carpetright PLC
05 February 2008
Carpetright plc
Interim Management Statement
Carpetright plc, Europe's leading specialist carpet and floor coverings retailer
with over 650 stores, today publishes an Interim Management Statement covering
the 13 weeks of 28 October 2007 to 26 January 2008. This represents the third
quarter of the 53 week period ending on 3 May 2008.
Group sales have increased by 4.8%. In the UK and Republic of Ireland total
sales increased by 3.9% and like-for-like sales declined by 4.0%. Trading in
Belgium and The Netherlands, where total sales increased by 10.2%, has been
stronger than in the UK with like-for-like sales increasing by 3.1%. In Poland,
there are now a total of 10 stores trading and like-for-like sales increased by
16.0%.
The gross margin has continued to increase across the Group.
The transfer to the new UK national distribution centre at Purfleet is
proceeding to plan with all the central support functions now relocated. The
phased transfer of carpet cutting and distribution into the new centre has
started and it is expected that the centre will be fully operational by the end
of April 2008.
We confirm that there has been no significant change in the financial position
of the Group since the interim results in December 2007.
Lord Harris of Peckham, Chairman and Chief Executive, said:
"The third quarter started strongly but there has subsequently been a slowdown.
In an increasingly challenging environment sales growth will be harder to come
by, but I am confident that our businesses are well positioned in their markets
and I expect our full year outturn to be in line with expectations."
The Group will report its pre-close trading update for the second half on 29
April 2008.
Analyst Conference Call
Lord Harris will host a conference call for analysts at 08.15am this morning.
The dial-in number is +44 (0)1452 552018 and the PIN number is 34014432.
For further enquiries please contact:
Carpetright plc 01708 802000
Lord Harris of Peckham, Chairman & Chief Executive
Ian Kenyon, Group Finance Director
Citigate Dewe Rogerson 020 7638 9571
Kevin Smith / Fiona Mulcahy
5 February 2008
Carpetright plc
Interim Management Statement
2007/2008 2006/2007
Store Base - Numbers 26 January 2008 27 October 28 April 28 October
2007 2007 2006
UK & RoI
Carpetright 445 445 439 431
Concessions 63 66 73 63
Storeys 35 35 - -
543 546 512 494
Rest of Europe
Belgium 28 28 28 28
The Netherlands 77 76 75 70
Poland 10 8 6 3
115 112 109 101
Group Total 658 658 621 595
2007/2008 2006/2007
Store Space (knsf) 26 January 2008 27 October 28 April 28 October
2007 2007 2006
UK & RoI
Carpetright 3,863 3,888 3,930 3,911
Concessions 127 139 154 146
Storeys 368 370 - -
4,358 4,397 4,084 4,057
Rest of Europe
Belgium 335 337 347 347
The Netherlands 895 888 903 854
Poland 104 83 63 35
1,334 1,308 1,313 1,236
Group Total 5,692 5,705 5,397 5,293
This information is provided by RNS
The company news service from the London Stock Exchange
END
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