AGM Statement (8361N)
September 08 2011 - 2:00AM
UK Regulatory
TIDMCPR
RNS Number : 8361N
Carpetright PLC
08 September 2011
8 September 2011
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 sales
or financial information 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 concerning trading:
"In the year to 30 April 2011 we continued to experience
challenging market conditions with fragile consumer confidence
producing a weak floor coverings market. The Group remained
profitable and generated cash, although profits for the year
reduced substantially.
"As I said in the last Interim Management Statement, looking
forward I see no respite from the challenging environment over the
next year, but remain confident the Group will emerge in a strong
position to deliver future growth once consumer demand
improves."
The Group will report its pre-close trading update for the first
half of its financial year on 25 October 2011.
- Ends -
For further enquiries please contact:
Carpetright plc
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
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