CPR Carpetright Plc

 

TIDMCPR 
 
RNS Number : 9851I 
Carpetright PLC 
23 March 2010 
 

 
 
 
 
 
                                Carpetright plc 
                                 Trading Update 
 
Carpetright plc, Europe's leading specialist carpet and floor coverings 
retailer, today announces a trading update for the 7 weeks ended 20 March 2010. 
The pace of recovery seen towards the end of 2009 has not been sustained and 
whilst Group profits (for the year to 1 May 2010) will be considerably ahead of 
last year, they are likely to fall below current market expectations. 
 
 
+---------------------------+-----------+--------------+--------------+ 
|                           |   7 weeks | 13 weeks to  | 26 weeks to  | 
|                           |        to |  30 Jan 2010 |   31 October | 
|                           |  20 March |  (previously |         2009 | 
|                           |      2010 |      stated) |  (previously | 
|                           |           |              |      stated) | 
+---------------------------+-----------+--------------+--------------+ 
| Group Sales               |      4.9% |         7.0% |         9.0% | 
+---------------------------+-----------+--------------+--------------+ 
|                           |           |              |              | 
+---------------------------+-----------+--------------+--------------+ 
| UK & RoI                  |           |              |              | 
+---------------------------+-----------+--------------+--------------+ 
| - Total                   |      6.5% |         7.7% |         9.6% | 
+---------------------------+-----------+--------------+--------------+ 
| - Like-for-like           |      1.4% |         2.3% |         3.9% | 
+---------------------------+-----------+--------------+--------------+ 
|                           |           |              |              | 
+---------------------------+-----------+--------------+--------------+ 
| Rest of Europe (continuing businesses)                              | 
+---------------------------------------------------------------------+ 
| - Total (in GBP)          |    (1.7%) |         5.4% |         6.6% | 
+---------------------------+-----------+--------------+--------------+ 
| - Total (in constant      |      0.6% |       (5.1%) |       (3.9%) | 
| currency)                 |           |              |              | 
+---------------------------+-----------+--------------+--------------+ 
| - Like-for-like (in       |      1.6% |       (3.7%) |       (3.9%) | 
| constant currency)        |           |              |              | 
+---------------------------+-----------+--------------+--------------+ 
 
 
 
Lord Harris of Peckham, Chairman and Chief Executive, said: 
 
"As we reported in our last trading statement, poor weather in the UK after 
Christmas severely affected the final weeks trading in our third quarter. 
Nevertheless, based on previous experience we expected to recover some of this 
lost trade in the remaining weeks of the year.  It is now clear that recent like 
for like sales growth, while remaining positive, has not returned to 
pre-Christmas levels and the recovery from weak trading in January has not been 
as significant as expected. 
 
"Our businesses in The Netherlands and Belgium continue to trade well." 
 
Carpetright will make its usual year end pre-close update on trading on 
Wednesday, 28 April 2010. 
 
 
Analyst conference call 
Lord Harris and Neil Page will host a conference call for analysts at 8:30am 
 
The dial in number is 0800 028 1243 with the passcode 2774662 
 
 
Thereafter, for further enquiries please contact: 
 
Carpetright plc 
Lord Harris of Peckham, Chairman and Chief Executive 
Neil Page, Group Finance Director 
Tel: 01708 802000 
 
Citigate Dewe Rogerson 
Kevin Smith / Angharad Couch / Lindsay Noton 
Tel: 020 7638 9571 
 
A copy of this trading statement will be available on our website 
www.carpetright.plc.uk today from 7.00am 
 
Notes 
1. All sales figures are quoted after deducting VAT. 
2. Like-for-like sales represent sales from stores which have been trading for 
52 weeks at the start of the financial year. It includes the sales of beds, 
where these have been introduced into the like-for-like store base since the 
acquisition of Sleepright in December 2008. 
3. The Group will announce an update on trading for the 12 weeks to 24 April 
2010 on Wednesday 28 April 2010. 
4. There have been no significant changes to the Group's financial position 
during the period. 
5. Certain statements in this report are forward looking. Although the Group 
believes that the expectations reflected in these forward looking statements are 
reasonable, we can give no assurance that these expectations will prove to have 
been correct. Because these statements contain risks and uncertainties, actual 
results may differ materially from those expressed or implied by these forward 
looking statements. We undertake no obligation to update any forward looking 
statements whether as a result of new information, future events or otherwise. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTEAPDAAAPEEFF 
 

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