26th Apr 2007 07:02
Sports Direct International Plc26 April 2007 SPORTS DIRECT INTERNATIONAL PLC PRE CLOSE STATEMENT Pre Close Statement Sports Direct International plc, the UK's leading sports retailer, todayprovides an update on current trading in advance of its year end on Sunday 29thApril, and sets out its expected calendar for future announcements. The Board of Sports Direct International believes that Group pre-exceptionalEBITDA, its key performance measure, for the 52 week period ending on 29thApril, will be broadly in line with latest market expectations. As anticipated in the prospectus published in advance of the Company's listingon the London Stock Exchange on 2nd March, pricing in the UK sports retailsector and in the Company's main UK retail business has stabilised, andincreased in some areas, in line with management's expectations. Sales growth in the main UK retail business is slower than earlier in the year,but remains positive, and overheads continue to benefit from the move to theShirebrook Distribution Centre. Financial Announcement Calendar The expected calendar for future financial announcements is as follows: Preliminary Results Announcement 2006-07: 24th July, 2007 Annual General Meeting and Interim Management Statement: 10th September, 2007: Half Year Results 2007-08: 19th December, 2007 Christmas Trading and Interim Management Statement: w/c 21st January, 2008 Pre Close statement: w/c 21st April, 2008 The Board of Sports Direct International expects to be able to announce theappointment of IR and PR advisors in May 2007. Notes to Editors 1. Sports Direct International is the UK's leading sports retailer byrevenue and operating profit. 2. Sports Direct International's main UK retail business comprises allits UK retail businesses other than Original Shoe Company, Streetwise and online trading Ends This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frasers Group