2nd Aug 2006 07:01
Halfords Group PLC02 August 2006 Halfords Group plc2 August 2006 Halfords Group plc ("Halfords") - AGM Trading Statement The following is an extract from the report that will be presented at Halfords'Annual General Meeting to be held today: In the 17 weeks to 28 July 2006 total sales for the Company increased by 9.5%,like-for-like sales are up by 6.6% and underlying like-for-like sales, whichexcludes Easter, increased by 4.5%. The level of dilution of gross profit percentage has continued to reducesignificantly since the last financial year. During July, Halfords completed the refinancing of its debt, to provide aplatform for future developments. Halfords now operates with a non-amortisingterm loan of £180m, with a revolving credit facility of £120m. The next trading update will be provided on 5 October 2006, which will cover the26 weeks to 29 September 2006. Notes: Halfords Group plc Halfords is the UK's leading auto, leisure and cycling products retailer, with417 stores and 10,000 employees. It was established in 1892 and was successfullyfloated on the London Stock Exchange in June 2004. The Group sells 11,000different product lines, ranging from car parts and cycles through to the latestin-car technology, alloy wheels, child seats, roof boxes and the latest outdoorleisure and camping equipment. Halfords' own brands include Ripspeed, for carenhancement, and Bikehut, for cycles and cycling accessories, including theApollo and Carrera brands. Stores offer a "We'll fit it" service for car parts,child seats, satellite navigation and in-car entertainment systems, and a "We'llrepair it" service for cycles. - ends - For further information contact: Gainsborough Communications 020 7190 1703Andy Cornelius / Julian Walker Halfords Group plcTony Newbould - Investor Relations 01527 513113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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