14th Jan 2009 07:00
For Immediate Release 14 January 2009
Booker Group plc
Trading Update
Total sales in the 16 weeks to 2 January 2009 were up 2.7% on the same period last year. Like-for-like non-tobacco sales were up 5.0% and like-for-like tobacco sales declined by -0.9%. Total like-for-like sales were up 2.7%. Sales, stock, profits and net debt remain in line with management expectations.
We have extended the period of our banking facilities from 2010 to 2012 with Barclays joining HBOS as a lender, taking the place of Kaupthing.
Charles Wilson, Chief Executive, said:
"The last quarter was a difficult time for our customers - but due to our improvements in choice, price and service Booker has been rewarded with a larger share of their spend. We are particularly pleased with the growth of internet sales, which were up 169 per cent on last year at £83.0m. In a challenging market Booker continues to make good progress."
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200
Susanna Voyle
Lucy Legh
Investec Bank UK (Nominated Adviser to Booker Group plc)
020 7597 5970
Keith Anderson
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