CPR Carpetright Plc

 

TIDMCPR 
 
RNS Number : 3707S 
Carpetright PLC 
09 September 2010 
 

 
 
 
9 September 2010 
                                Carpetright plc 
                                  AGM Statement 
 
Carpetright, Europe's leading specialist carpet and floor coverings retailer, 
will hold its Annual General Meeting ("AGM") at 12:00 today at Harris House, 
Purfleet Bypass, Purfleet, Essex, RM19 1TT. 
 
Historically, Carpetright has not provided any additional information on trading 
performance at the AGM, since it falls only five weeks after the first quarter 
trading update given in early August. While this position remains unchanged, at 
the meeting today Lord Harris, Chairman & Chief Executive, will be making the 
following statement. 
 
"Against extremely challenging market conditions and a period of economic 
recession, Carpetright delivered a significant recovery in profitability in the 
year to 30 April 2010 over the depressed level reported in the previous 
financial year. The Group achieved this through developing new revenue streams 
in the house building and insurance sectors, and maintaining tight control over 
all costs, capital expenditure, stock and cash flow. 
 
"As we enter our important autumn trading period, I believe economic conditions 
will remain challenging for the balance of this financial year. We have, 
however, a fundamentally strong core business model and we continue to grow our 
bed business with plans to open a further 50 locations, in our existing 
Carpetright estate before Christmas. The Group's strong value-led brands hold 
market leading positions in all our geographic markets and I believe all of 
these factors allow us to look confidently to the future." 
 
The Group will report its pre-close trading update for the first half of its 
financial year on 27 October 2010. 
 
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 / 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 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMUGURUBUPUGCR 
 

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