TIDMLMR 
 
RNS Number : 5237F 
Luminar Group Holdings PLC 
14 January 2010 
 

Luminar Group Holdings plc 
 
 
Interim Management Statement 
 
 
Luminar Group Holdings plc (the "Group") announces its Interim Management 
Statement for trading to 31st December 2009. 
 
 
The general economic conditions, and in particular youth unemployment, continue 
to have a significant impact on our core customers and to affect the frequency 
of their visits to our venues.  Recently, this has been  exacerbated by 
extremely poor weather across the UK, which has a significant effect on 
footfall. 
 
 
Within this context, we were very encouraged by much better sales on the key 
festive nights of Christmas Eve and New Years Eve, and by average sales per 
customer which were 1.5% higher in December than the previous year. 
 
 
The combination of these factors resulted in same outlet sales in December being 
13.8% below last year,  broadly similar to the trend established in September, 
since when sales have been 13.4% below last year. Same outlet sales across the 
first 44 weeks of our financial year to 31 December have been 8.1% below last 
year. 
 
 
In view of the prolonged weather impact and the continued sales trend the Group 
now expects profit before tax for the year to 25 February 2010 to be below 
market expectations. 
 
 
The Group is actively managing cash resources and has deferred capital 
expenditure plans such that  investment in the current financial year is now 
expected to be approximately GBP5m. Net borrowings continue to reduce, and were 
approximately GBP96m at the end of December within a borrowing facility of 
GBP175m.  The Group continues to trade within its banking covenants. 
 
 
The Group also continues to actively pursue the sale of its investment in 3D 
Entertainment Group Limited, as reported in the Trading Update on 17 December 
2009. 
 
 
Full year results for the year to 25 February are expected to be announced on 13 
May 2010. 
 
 
14 January 2010 
 
 
Enquiries: 
 
 
+------------------------------------+------------------------------------+ 
| Luminar Group Holdings plc         | Tel: 01908 544100                  | 
+------------------------------------+------------------------------------+ 
| Stephen Thomas, Chief Executive    |                                    | 
+------------------------------------+------------------------------------+ 
| Robert McDonald, Finance Director  |                                    | 
+------------------------------------+------------------------------------+ 
|                                    |                                    | 
+------------------------------------+------------------------------------+ 
| College Hill                       | Tel: 020 7457 2020                 | 
+------------------------------------+------------------------------------+ 
| Matthew Smallwood                  |                                    | 
+------------------------------------+------------------------------------+ 
| Jamie Ramsay                       |                                    | 
+------------------------------------+------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSBIGDBSSBBGGX 
 

Luminar Group (LSE:LMR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Luminar Group Charts.
Luminar Group (LSE:LMR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Luminar Group Charts.