Booker Group PLC Trading Statement (9091X)
September 03 2015 - 2:15AM
UK Regulatory
TIDMBOK
RNS Number : 9091X
Booker Group PLC
03 September 2015
For Immediate Release
3 September 2015
Booker Group plc
Trading Update for the 10 weeks to 28 August 2015
Following yesterday's decision by the Competition and Markets
Authority (CMA) to clear the acquisition of Londis and Budgens in
Great Britain, Booker Group has brought forward its September
trading update. This update relates to the 10 weeks to 28 August
2015.
Booker Group, the UK's leading wholesaler, had a good period
with non tobacco like-for-like sales up 0.5%. Tobacco sales have
been depressed by the ban on small stores displaying tobacco
products. Total sales in the 10 weeks to 28 August were down 2.0%,
with tobacco 6.5% lower and non tobacco up 0.1%.
10 weeks to
28 August 2015
Total Tobacco Non Tobacco
%
% %
-------- --------------- ------
Booker Total
Group (inc Makro) (2.0) (6.5) 0.1
--------------- ------ -------- ------------
Booker Like-for-like
Group (inc Makro) (1.8) (6.6) 0.5
--------------- ------ -------- ------------
Booker Wholesale with Makro, our cash and carry division, had a
good period. Customer satisfaction improved and profit performance
was in line with expectations. Our delivered wholesale businesses
Booker Direct, Chef Direct, Classic and Ritter also had a good
period. Sales in India are continuing to make progress.
Our balance sheet remains strong with a net cash position as at
28 August 2015 of approximately GBP110m.
Booker Group remains on course to meet expectations for the year
ending 25 March 2016.
Charles Wilson, Booker Group Chief Executive, said:
"Booker Group continues to make good progress. Our plan to
Focus, Drive and Broaden Booker Group is on track. We continue to
improve choice, price and service to become the best supplier to
caterers, retailers and small businesses in the UK. We are pleased
that the acquisition of Londis and Budgens has been cleared by the
CMA. This will help strengthen our support for independent
retailers throughout Great Britain."
Booker Group will announce its interim results for the 24 weeks
to 11 September 2015 on Thursday 15 October 2015. A presentation
for analysts will be held at 08:30 on 15 October. For details call
Charlotte Evans at Tulchan Communications on 020 7353 4200.
Notes:
1. Sales are stated net of value added tax
2. Sales in the 10 weeks to 28 August 2015 have been compared to
sales in the equivalent 10 weeks to 29 August 2014
ENDS
For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)
020 7353 4200 Jonathan Sibun / Will Smith
This information is provided by RNS
The company news service from the London Stock Exchange
END
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