John Lewis Of Hungerford PLC Trading Update (3633P)
10 Ottobre 2019 - 08:00AM
UK Regulatory
TIDMJLH
RNS Number : 3633P
John Lewis Of Hungerford PLC
10 October 2019
10 October 2019
John Lewis of Hungerford plc
(the "Company")
Trading Update
John Lewis of Hungerford Plc (AIM: JLH), the specialist
manufacturer and retailer of kitchens, bedrooms and freestanding
furniture, provides an update to the market on its expected outturn
for the year ended 30 June 2019 and current trading.
Further to the announcement on 7 May 2019, which stated 'no
longer expects to recover much of the loss reported for the six
months ended 31 December 2018', the Company confirms that trading
in the second half of the year was better than anticipated then
and, therefore, it now expects to report a loss in the range of
GBP220,000 to GBP240,000 for the year ended 30 June 2019.
In the period following the year ended 30 June 2019, sales are
tracking at the same level as those for the same period last year
at GBP2.5m. The Company's forward order book is currently at
GBP1.6m (2018: GBP1.9m), reflecting a cautious attitude from
customers in relation to uncertainty surrounding Brexit. The
Company is therefore taking a cautious approach to trading and is
focusing on maximising conversions but also on reducing cost within
the business. Overall design quotation activity within the business
is up on this time last year and the Company expects conversions to
improve once there is clarity over the current political
environment.
The Company intends to release its audited final results in
early November 2019.
Enquiries:
John Lewis of Hungerford plc
Gary O'Brien - Chairman 01235 774300
Cenkos Securities plc
Azhic Basirov
Katy Birkin 0207 397 8900
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No. 596/2014 until the release of this
announcement.
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END
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