10th Jan 2008 07:00
Intimas Group PLC10 January 2008 Intimas Group plc Pre-close Trading Update Intimas Group plc ("Intimas" or "the Group") is a designer and supplier ofladies' intimate apparel, with a portfolio of brands comprising Lepel, Ted BakerIntimates, Discover Mademoiselle and Charnos Lingerie In the Group's interim results, announced on 21 September 2007, the Boardexpected to see some improvement in trading during the second half of the year,but still expected the Group to report a small loss for this period. During the final quarter of the year and, in particular, in the pre-Christmasperiod, the UK retail environment was extremely difficult and competitive. As aresult, the anticipated increase in the like-for-like sales for the second halfof 2007 has not materialised. As a consequence, the Group now expects to report a greater loss than expectedat the time of its interim announcement, although the loss will be considerablyless than reported in the first half of 2007. The Group's management team is building supply relations with a number of newcustomers which, together with improved operational efficiencies, is expected tosignificantly improve the Group's trading performance for the forthcoming year. Intimas will be announcing preliminary results for the year to 31 December 2007on 28 March 2008. 10 January 2008 ENQUIRIES: Intimas Group plc Tel: 0115 983 6000Carol Duncumb, Chief ExecutiveTim Laughton, Finance Director KBC Peel Hunt (Nominated Adviser and broker to Tel: 020 7418 8900Intimas Group plc)Matt Goode College Hill Tel: 020 7457 2020Gareth DavidAnthony Parker This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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