16th Aug 2005 17:51
Carpetright PLC16 August 2005 16 August 2005 Carpetright plc AGM Statement At Carpetright's Annual General Meeting today Lord Harris, the Chairman andChief Executive will make the following comments to shareholders about tradingfor the first 15 weeks of the financial year ending 29 April 2006. "Trading in our UK and Republic of Ireland business has remained difficult dueto a weak consumer environment combined with strong comparatives from last year,as we have highlighted previously. Total sales for the first 15 weeks decreasedby 7.3%, with like for like sales down by 7.5%. The net 0.2% difference is fromadditional Carpetright space of 2.3% offset by a 2.1% decrease arising from theclosure of the Allders concessions." "Our business in Belgium and The Netherlands continues to make good progresswith total product sales in local currency increasing by 6.3%. Gross margin hasshown further improvement on last year." "In this tough trading environment Carpetright has continued to take marketshare in all the countries in which it trades." The next update on trading will be provided on 25 October 2005 with a pre closestatement. The first half closes on 29 October 2005. For further enquiries please contact Carpetright plcLord Harris, Chairman Tel: 01708 525522 Citigate Dewe RogersonPatrick Toyne Sewell Tel: 07767 498 195 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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