CFE Coffee Republic

    RNS Number : 0677G
  Coffee Republic PLC
  17 October 2008
   

                                                                    17 October 2008

    Coffee Republic Plc


    Trading update


    Coffee Republic PLC, the independent coffeehouse franchisor and operator,  announces a trading update in advance of its AGM today.

    The business now operates in 195 outlets both in the UK and Internationally. Of the 184 UK outlets 19 are company run, 51 are franchises
and 114  are  concessions. 

    In the first six months of the year, network like for like sales are down 0.2% (excluding those bars recently returned to company
ownership), reflecting a toughening climate; more aggressive sales and marketing activity has begun to reverse that trend  and total network
sales growth in the UK is now 20%, driven by newly opened bars.

    Operating losses to the end of August have reduced by almost 40%  compared to prior year, driven by increased franchise income, the
success of the Cineworld concession deal and increased control over head office cost, and the Board expects that the half year results will
reflect this improvement.

    The board continues to focus on driving the business both in the UK  and internationally, and pipelines in both areas remain encouraging
 despite the general economic climate.


    For further information:

    Coffee Republic Plc:
    Peter Breach, Executive Chairman                    020 7033 0600

    James Muirhead, Finance Director                    020 7033 0639

    Teathers Limited                                    020 7426 9000 
    Nominated Adviser & Broker 
    Jeff Keating
    Simon Brown 
                                                                            


                                                                            



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