21st Jan 2008 07:00
Sports Direct International Plc21 January 2008 21st January 2008 SPORTS DIRECT INTERNATIONAL PLC TRADING STATEMENT Sports Direct International plc ("the Company") announces the result of tradingfor the 11 weeks from 29th October to 13th January 2008. Group sales for this period were £280m, and the corresponding group gross profitwas £126m. The Company announced at its Interim Results on 19th December 2007 that despitethe worsening trading conditions in UK retail generally, it remained confidentof exceeding the underlying EBITDA (pre foreign exchange and exceptional items)market expectations for the full year 2007/08, which stood at £137.7m at thetime of the results. This view remains unchanged. Commenting on the result of trading in this period, Dave Forsey, ChiefExecutive, said: "We expect the retail trading environment in the UK to become increasinglydifficult over the next six months. However the resilience of our business givesus the confidence to repeat the guidance on full year performance that we gaveon 19th December 2007." The Company will release an Interim Management Statement for the 13 weeks from29th October 2007 to 27th January 2008 on 9th March 2008. Ends Enquiries: Sports Direct International plc Dave Forsey, Chief Executive Tel: 0870 333 9400 Bob Mellors, Group Finance Director Financial Dynamics Andrew Dowler/Jonathon Brill/Ben Foster Tel: 0207 831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frasers Group