3rd Quarter Results

23rd Nov 2006 07:00

Kesa Electricals plc23 November 2006 23 November 2006 Kesa Electricals plc Revenue for the three months ended 31 October 2006 Kesa Electricals plc today announces the Group's revenue for the three monthperiod to 31 October 2006, based on unaudited management accounts. Revenue growth as reported in sterling +--------------------+-----------------------+|Darty | 10.3% |+--------------------+-----------------------+|Comet | 11.6% |+--------------------+-----------------------+|BUT | 3.4% |+--------------------+-----------------------+|Other* | 21.9% |+--------------------+-----------------------+|Group Total | 10.9% || | |+--------------------+-----------------------+ Revenue growth in local currency +--------------+--------------+---------------+| | Total | Like-for-like |+--------------+--------------+---------------+|Darty | 11.4% | 9.6% |+--------------+--------------+---------------+|Comet | 11.6% | 10.9% |+--------------+--------------+---------------+|BUT | 4.4% | 3.0% |+--------------+--------------+---------------+|Other* | 22.1% | 10.2% |+--------------+--------------+---------------+|Group Total | 11.5% | 9.5% |+--------------+--------------+---------------+ *BCC, Vanden Borre, Datart, Darty Italy and Darty Switzerland Total Group revenue grew by 11.5 per cent in local currency, up 9.5 per cent ona like for like basis, helped by continuing good market conditions. Demand forflat screen televisions remained strong throughout the quarter and sales ofmulti media products were particularly good during the back to school period.Sales of white goods confirmed a return to positive growth. Darty's revenue grew by 11.4 per cent in local currency, 9.6 per cent on a likefor like basis. Darty Box was launched on schedule in the Paris region at theend of October and will be rolled out to the rest of the country by the end ofNovember. In the UK, Comet's revenue grew by 11.6 per cent, up 10.9 per cent on a like forlike basis. Revenue at BUT grew by 4.4 per cent and total store sales grew by 6.4 per centin local currency, 3.0 per cent like for like, against favourable comparatives.BUT continued to benefit from improved performances at its relayed small to midsized stores. Our Other Businesses* continued to deliver strong growth helped by particularlygood performances at BCC and Vanden Borre. Total revenue grew by 22.1 per centin local currency, an increase of 10.2 per cent on a like for like basis. Chief Executive Jean-Noel Labroue commented, "In positive market conditions the Group delivered a good revenue performance,particularly during August and September. Sales were led by continued doubledigit growth of flat screen televisions and very strong demand for multi mediaproducts, particularly laptops, during the back to school period. Despite salesof white goods returning to positive growth, the product margin trends observedin the first half continued. "As always our full year results are dependant on the peak December / Januaryperiod, particularly in the UK. Although consumer confidence is expected toremain robust in the short term, we have seen a slowdown in the rate of growthtowards the end of the quarter." ENDS *BCC, Vanden Borre, Datart, Darty Italy and Darty Switzerland As at 31 October 2006: +--------------+--------------------+------------------+| | Store numbers |Selling space || | | (000sqm) |+--------------+--------------------+------------------+|Darty | 208 | 272.7 |+--------------+--------------------+------------------+|Comet | 246 | 256.3 |+--------------+--------------------+------------------+|BUT | 107 | 348.1 |+--------------+--------------------+------------------+|Other* | 135 | 155.7 |+--------------+--------------------+------------------+ *BCC, Vanden Borre, Datart, Darty Italy, Darty Switzerland There will be a telephone conference call for analysts at 08.15am on 23 November2006. If you would like to listen to a recording of this call, please visit thecompany's website www.kesaelectricals.com after 10.00am. The Group will issue its next trading update on Thursday 18 January 2007. Enquiries Analysts Kesa Electricals plcSimon Ward +44 (0) 20 7269 1400 MediaKesa Electricals plcAnnabel Donaldson UK +44 (0) 20 7269 1400Guy Lavaud France +33 (0) 1 43 18 52 00 FinsburyAbigail Irving-Bell UK +44 (0) 20 7251 3801 Euro RSCGLaurent Dondey France +33 (0) 1 58 47 95 17Emilie Lang +33 (0) 1 58 47 95 16 This information is provided by RNS The company news service from the London Stock Exchange

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