Topps Tiles PLC Q1 Interim Management Statement (4653B)
January 07 2015 - 2:00AM
UK Regulatory
TIDMTPT
RNS Number : 4653B
Topps Tiles PLC
07 January 2015
7 January 2015
Topps Tiles Plc
Q1 Interim Management Statement
Topps Tiles Plc ("Topps" or the "Company"), the UK's largest
tile specialist, announces a trading update for the 13 weeks ended
27 December 2014.
Like-for-like revenues across the first 13 weeks of the current
financial year increased by 6.0% (2013: up 9.3%).
Topps ended the quarter with a total of 336 stores.
There have been no significant or unexpected changes in the
financial position of the Company since the publication of the
Annual Financial Report for the 52 weeks ended 27 September
2014.
Matthew Williams, Chief Executive Officer, said: "I am delighted
to report an encouraging start to our financial year with
like-for-like sales growth of 6.0% in the first quarter. This is
particularly pleasing as it builds on our strong sales growth in
the corresponding period in the prior year. We are confident that
our plan for 2015 will see us further extend the appeal of the
Topps brand and move closer to our strategic goal of taking a one
third share of the domestic tile market."
Topps will hold its Annual General Meeting on 22 January 2015,
no further update on trading will be given at this point.
The Company will announce a trading update for the 26 weeks
ended 28 March 2015 on 25 March 2015, prior to entering its close
period.
- Ends -
Enquiries:
Topps Tiles Plc
Matthew Williams, Chief Executive 0161 486
Officer 2400
Rob Parker, Chief Financial Officer
Citigate Dewe Rogerson
020 7638
Kevin Smith / Nick Hayns 9571
This information is provided by RNS
The company news service from the London Stock Exchange
END
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