14th Dec 2005 07:01
Actif Group PLC14 December 2005 14 December 2005 Actif Group PLC ("Actif Group" or "Company") Trading update The board of Actif Group announces that the weak demand experienced in both theretail and wholesale areas of the business has continued since the tradingstatement issued in October. As a result the board expects to report a loss forthe business for the current financial year in excess of the loss reported forlast year. The Company's return to profitability is being hampered by weak full priceretail sales on the high street and the level of wholesale orders as retailerstake a more pessimistic view of levels of consumer demand for Spring/Summer '06ranges. Nevertheless, the Company has seen a positive reaction to range improvementsthis season, albeit at a slower rate than planned. The Company is on target to deliver approximately £650,000 of cost savings (or14% of the total cost base) as highlighted at the year-end. Enquiries: Actif Group plc (020 7436 0222) Hudson Sandler (020 7796 4133)Mark Evans, Chief Executive (m: 07977 018 007) Wendy Baker This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ACT.L