John Lewis Of Hungerford PLC Trading Update (1936Y)
07 Mayo 2019 - 2:21AM
UK Regulatory
TIDMJLH
RNS Number : 1936Y
John Lewis Of Hungerford PLC
07 May 2019
7 May 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 current trading.
We remain confident that the business continues to trade
positively with deposits taken tracking ahead of those taken in the
same period in the prior year. However, we have experienced a
slow-down in converting deposits taken into full orders. We believe
this is primarily due to the prevailing market conditions impacting
customer confidence, which remain affected by uncertainty due to
Brexit and the retail climate generally. Sales for the second half
are expected to be approximately 10% ahead of the prior year,
although lower than management expectations by approximately
GBP400,000.
Further to the statement contained within our Interim Report
announced on 18 March 2019, the Board therefore no longer expects
to recover much of the loss reported for the six months ended 31
December 2018. As such, the Company expects to report a loss for
the year ended 30 June 2019.
The Board continue to monitor sales closely and will provide a
further update as appropriate.
Enquiries:
John Lewis of Hungerford plc
Gary O'Brien - Chairman 01235 774300
Cenkos Securities plc
Katy Birkin
Azhic Basirov 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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