Trading Update
27 Novembre 2007 - 4:15PM
UK Regulatory
RNS Number:6069I
Sports Cafe Holdings plc
27 November 2007
For immediate release 27 November 2007
Sports Cafe Holdings plc
("Sports Cafe or "the Company")
Trading Update
Sports Cafe (AIM:SCA) the owner and operator of the Sports Cafe chain of leading
licensed sports entertainment venues supplies the following trading update.
Current Trading and Outlook to 2007
Our stated initiatives to reduce costs and improve unit performance are
generating early indications of some success. Trading profit in the four months
to 31/10/07 is ahead of the previous year and forward Xmas bookings provide
further evidence of an upturn in underlying performance.
The initial impact of the smoking ban introduced in England in July 2007 has
been relatively benign, although we remain mindful of the coming winter months
and continue with innovative ideas to manage the process.
These factors together suggest that in spite of market conditions the company
should deliver improved operating performance compared with the disappointing
first half of 2007 and the second half of the previous financial year, albeit
the outcome for the year as a whole will fall short of previous market
expectations.
2008 Outlook
The Board remains confident that the operational changes implemented during 2007
will result in further improvements in performance during 2008. Notwithstanding
England and Scotland's failure to qualify for Euro 2008 we expect a modest
increase in sales next year on a reduced cost base, with increases in labour
costs being offset by lower energy costs and bank interest. As a result the
Board believe that the Sports Cafe business now represents a suitable platform
for future expansion. The Board's efforts to identify opportunities for such
expansion are progressing satisfactorily.
For further information, please contact:
Sports Cafe Holdings Plc Tel: 020 7839 3377
Peter Marks/Paul Wright
Buchanan Communications Tel: 020 7466 5000
Charles Ryland/Rebecca Skye Dietrich
Landsbanski Securities (UK) Ltd Tel: 020 7426 9000
Mark Dickenson/Gareth Price
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTILFLELVLDFID
Grafico Azioni Sports Cafe (LSE:SCA)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Sports Cafe (LSE:SCA)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Sports Cafe (Borsa di Londra): 0 articoli recenti
Più Sports Cafe Holdings Articoli Notizie