Interim Management Statement (3810Z)

TIDMLMR

RNS Number : 3810Z

Luminar Group Holdings PLC

13 January 2011

Luminar Group Holdings plc

Interim Management Statement

Luminar Group Holdings plc (the "Group") announces its Interim Management Statement for trading to 6th January 2011. The Group also provides a trading update for the 12 weeks from 15th October 2010 to 6th January 2011.

Before and after the extreme weather conditions experienced throughout the country in the lead up to Christmas, the Group saw a reduction in the decline in sales from the level reported in its interim announcement in October 2010.

Excluding those weeks affected by the weather, same outlet sales for the 12 weeks to 6 January 2011 fell by 13.6% (compared to 16.9% for the 7 weeks to 14 October). Over the trading weeks of Christmas and New Year same outlet sales were ahead of anticipated levels and forecast. Including those weeks affected by weather same outlet sales for the 12 weeks to 6 January 2011 fell by 19.4%. Overall, same outlet sales for the 45 weeks to 6 January 2011 fell by 19.6%.

As expected, gross margin has been slightly lower reflecting the introduction of premium brands into the business. Customer reaction has been positive to the introduction of various initiatives including premium brands, cocktails and live entertainment.

As previously announced the Group refinanced its debt in December 2010.

The Group continues to manage cash closely and is investing in its estate selectively, targeting incremental revenue generating opportunities.

13 January 2011

Enquiries:

 
 Luminar Group Holdings plc         Tel: 01908 544100 
 Simon Douglas, Chief Executive 
 Philip Bowcock, 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

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