18th Sep 2019 12:46
(Alliance News) - Shares in interior designer Colefax PLC fell Wednesday as the firm warned difficult trading conditions have continued since July.
In the four months to August, sales fell 1% in the core Fabric division, but were down by 5% not including currency movements. In the US, constant currency sales were down 5%, after a 4% rise a year before.
In the UK & Europe, Colefax reported a 3% decline in constant currency sales.
Chief Executive David Green, speaking at the firm's annual general meeting on Wednesday, said: "We have just entered our important autumn selling season and based on current trends we remain cautious about the outlook for the full year."
Colefax shares were down 10% on Wednesday in London at 417.60 pence each.
Related Shares:
Colefax Grp.