Trading Statement
June 09 2009 - 2:00AM
UK Regulatory
TIDMSTA
Stagecoach Theatre Arts plc
("Stagecoach Theatre Arts" or "the Company")
Trading Update
Stagecoach Theatre Arts (AIM: STA) announces that the Board expects profit
before tax for the year ended 31 May 2009 to be in line with market
expectations.
The Company expects to report increased continuing franchise fees from existing
schools which largely compensates for fewer new school openings than expected
during the year. This reduction in new sales was a consequence of the recent
credit conditions, which limited the availability of bank finance to existing
and potential new franchisees. Stagecoach Theatre Arts continues to monitor such
credit conditions carefully and would hope to benefit from any upturn in this
area as the wider economy begins to recover.
The Company will also report encouraging signs for future growth in Stagecoach
Germany and in other overseas markets, following on from Stagecoach USA's
already announced (29/01/09) move into profit for the first time.
The results for the year ended 31 May 2009 are expected to be announced on
Wednesday, 5 August 2009.
9 June 2009
Enquiries:
Stagecoach Theatre Arts Tel: 01932 254 333
Richard Dawson, Finance Director & Investor Relations
Smith & Williamson Corporate Finance Limited Tel: 020 7131 4000
David Jones / Siobhan Sergeant / Barrie Newton
Adventis Financial PR Tel: 020 7034 4758
Tarquin Edwards 07879 458 364
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