Interim Management Statement
December 02 2008 - 2:00AM
UK Regulatory
RNS Number : 3296J
Game Group PLC
02 December 2008
GAME GROUP PLC
INTERIM MANAGEMENT STATEMENT
2 December 2008
The GAME Group plc ("GAME"), a leading European retailer of pc and video games products, today issues its Interim Management Statement
as required by the UK Listing Authority's Disclosure and Transparency Rules. This relates to the period to 29 November 2008.
Peter Lewis, the Chairman of GAME, said:
Trading Update
"For the 44 weeks to 29 November 2008, total Group sales were up by 27.4%. Like for like (lfl) Group sales for the same period were up
by 11.2%.
In the UK and Ireland, total sales were up by 25.1% and lfl sales were up by 11.9%. In our International business, total sales and lfl
sales were up by 33.9% and 9.3%, respectively.
For the 18 weeks to 29 November 2008, total Group sales were up by 9.3%. Like for like (lfl) Group sales for the same period were up by
1.5%. In the UK and Ireland, total sales were up by 4.7% and lfl sales were up by 1.8%. In our International business, total sales and lfl
sales were up by 23.5% and 0.7%, respectively.
Store openings and capital expenditure
Our portfolio has increased by 183 stores in the year to date and we will operate from over 1,340 stores over the Christmas trading
period. (See note below).
The integration of our acquisition in the Czech Republic which we announced in September is progressing well and trading is in line with
expectations.
Outlook
To date, our customers' spending patterns have remained relatively resilient considering the challenges in the wider economy. Our
previous guidance is unchanged and the Board remains confident of a successful outcome for the year.
The Group will next report on 13 January 2009 when it will publish sales for the key Christmas trading period."
Note:
Store portfolio
29 November 2008 31 July 2008 31 January 2008
Number Number Number
Company owned and concessions
UK and Ireland:
- GAME - stores 397 386 381
- GAME - concessions 51 37 33
- Gamestation 253 246 235
701 669 649
France 192 187 170
Iberia 256 241 208
Scandinavia 66 62 62
Czech Republic 21 - -
Total Continental Europe 535 490 440
Australia 100 72 51
Total International 635 562 491
Total owned and concessions 1,336 1,231 1,140
Franchises
France 1 2 7
Iberia 5 10 10
Australia 1 2 4
Czech Republic 1 - -
Total franchises 8 14 21
Total operational outlets 1,344 1,245 1,161
Enquiries:
The GAME Group plc: +44 (0)1256 784566
Lisa Morgan, Group Chief Executive
David Thomas, Deputy Chief Executive and Group Finance Director
Simon Soffe, Head of Investor Relations and Group Communications
Brunswick: +44 (0)20 7404 5959
Jonathan Glass
Nina Coad
Ash Spiegelberg
www.gamegroup.plc.uk
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