John Lewis Of Hungerford PLC AGM Statement (0946K)
December 11 2018 - 4:02AM
UK Regulatory
TIDMJLH
RNS Number : 0946K
John Lewis Of Hungerford PLC
11 December 2018
John Lewis of Hungerford plc
AGM Statement
John Lewis of Hungerford plc (AIM: JLH), the manufacturer,
designer and retailer of fitted kitchens, kitchen furniture and
bedroom furniture, will hold its Annual General Meeting at 2pm
today at Crowne Plaza London Kensington, 100 Cromwell Road, London,
SW7 4ER.
The Chairman of the Meeting will provide the following trading
update:
Our despatched sales and forward orders (which we normally
consider to be the best measure of current trading) currently
stands at GBP4.7m (2017: GBP5.6m). Orders against which a first
stage deposit has been taken, and for which there is a strong
conversion into future sales, stood at GBP2.0m (2017: GBP1.3m).
We remain cautious in this challenging economic climate and are
working hard to ensure the business shows growth for the full year.
We are anticipating a loss in the first half year, in line with our
expectations, due to the seasonality of the business. However,
based on the current order book and assuming economic conditions do
not deteriorate, we expect to report a modest operating profit in
the full year ending 30 June 2019.
The AGM will be followed by a shareholder presentation. No new
material information will be disclosed and a copy of the
presentation will be made available on the Company's website
www.john-lewis.co.uk.
Enquiries:
John Lewis of Hungerford plc 01235 774300
Gary O'Brien, Chairman
Smith & Williamson Corporate Finance Limited 0117 376 2213
Katy Birkin, Martyn Fraser
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END
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