20th Dec 2005 11:46
Crown Sports PLC20 December 2005 Crown Sports plc Trading Update The management of Crown Sports plc provide a trading update as it approaches theend of its current trading year. We announced at our interim results in September that as a result of a slowdownin membership sales we were significantly increasing our marketing investment.As a result of the action taken we have seen several months of strong new joinergrowth which, combined with a stabilising attrition rate, we anticipate willresult in our overall membership levels being ahead at the end of the year. We also communicated that we were seeing significant increases in electricity,gas and business rates, that have continued to impact upon the business in thesecond half of the year. As a consequence we believe that it is prudent to continue to take a cautiousview on the short-term outlook for the group. While we expect pre-tax profitsfor the year (before goodwill and exceptionals) to be ahead of 2003, they willbe below the strong result achieved in 2004 and below current market forecasts. The company will announce its final results for the twelve months to 31 December2005 on 4th April 2006. Enquiries: Mark EdwardsBuchannan Communications Tel 020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CSP.L