RNS No 5598x
LAMBERT HOWARTH GROUP PLC
3rd December 1998 
 
Robert Garfit, Managing Director
John Gibson, Finance Director
Lambert Howarth Group p.l.c.                 tel: 0171 535 3900
 
Charles Watson / Tom Baldock
Financial Dynamics                      tel: 0171 831 3113
 
                                      
                        LAMBERT HOWARTH GROUP p.l.c.
                                      
                               Trading Update
                      Closure of Manufacturing Facility
 
Lambert Howarth Group p.l.c., a leading supplier of footwear and homeware,
will announce its results for the year ending 31 December in March 1999.
 
Despite difficult conditions in the high street today, trading since the
half year has been in line with the Board's expectations.
 
This resilient performance is primarily a result of the decision taken by
management to effect a substantial reduction of the Group's exposure to UK
manufacturing and to focus on supplying imported product.
 
As a continuation of this strategy the Group has announced today the closure
of its softgoods manufacturing facility in Lancashire.  The closure and
restructuring costs will give rise to an exceptional charge of approximately
#3.2m in the current year and will be largely cash neutral when assets are
realised.  Following the closure, products will be supplied from resources
overseas which the Board expects will enable improved profitability.
 
Looking forward, the Group's balance sheet is strong and ungeared and the
Board is confident of achieving further progress for the Group.
 
END
 


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