LMR Luminar Grp

RNS Number:5419Q
Luminar Group Holdings PLC
20 March 2008


Luminar Group Holdings plc

Pre-close Trading Update

Trading



Luminar Group Holdings plc ("Luminar" or the "Group") is today providing an
update on trading prior to entering its close period following the year ended 28
February 2008.



Trading since our last update on 18 January 2008 has continued to be challenging
but has  been in line with the Board's previous guidance and the results for the
year ended 28 February 2008 will, as anticipated, be within the range of market
forecasts. For the year ended 28 February 2008, continuing like-for-like sales
within the Dancing Division were up 1.6%, with branded dancing continuing
like-for-like sales up 4.8%.





Rollout and Capital expenditure



As part of our continual monitoring process, the Board has reviewed the roll out
and capital expenditure plans for the Group over the next two years. Given the
current market conditions the Board has decided to focus only on sites in prime
target towns that are expected to deliver excellent returns. Consequently, due
to the marginally lower number of units to be developed and increased capital
efficiencies our capital expenditure requirements will reduce by approximately
�12.0 million in the current financial year and by approximately �10 million for
the year ended February 2010.



It is now anticipated that the Group's estate will reach a target of 110 units
during 2010 of which over 70 will be branded.



Our continuing strategy of having the premier venue in a town will stand us in
good stead. These high quality venues lend themselves to a broad target market
and we continue to be innovative in our endeavours to attract custom. The
management team is fully focussed on its portfolio, maximising cash generation
and returns.





Stephen Thomas, Chief Executive said: -



"Trading remains in line with the Board's expectations both for last year and
for the year to date.



With a clear strategy we have built a strong business that is positioned well in
its market place and will continue to generate significant sums of cash. We are
entirely focussed on developing a business that delivers excellent returns for
shareholders."

20 March 2008





Enquiries


Luminar Group Holdings plc
Stephen Thomas, Chief Executive                               01908 544120
Nick Beighton, Finance Director                               01908 544135

College Hill
Matthew Smallwood                                             020 7457 2020




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