Topps Tiles PLC Trading Statement (3629I)
March 25 2015 - 3:00AM
UK Regulatory
TIDMTPT
RNS Number : 3629I
Topps Tiles PLC
25 March 2015
25 March 2015
Topps Tiles Plc
Pre-close period Trading Update
Topps Tiles Plc (the "Group"), the UK's largest tile specialist,
reports a trading update for the 26 week period ending 28 March
2015, prior to entering its close period. The Board will announce
interim results for the period on 19 May 2015.
Total revenues for the 26 week period will be circa GBP104
million (2014: GBP97.7 million), a 6.4% increase year on year.
Like-for-like revenues for the 26 week period will have increased
by circa 5.2% (2013: up 10.2%).
Matthew Williams, Chief Executive Officer, said: "I am pleased
to report that trading has been encouraging and we have delivered a
like-for-like sales increase of 5.2% for the first half of our
financial year. These trading results compare to a particularly
strong period in the prior year and reflect a two year
like-for-like growth in excess of 15%. Looking ahead, while
experience tells us that the forthcoming UK general election may
add some short term uncertainty to trading patterns, rising levels
of disposable income should support increased consumer spending on
home improvements. The Group is well positioned to continue to grow
market share as we accelerate our plans to extend the appeal of the
Topps brand."
The Group is currently trading from a total of 339 stores.
- Ends -
Enquiries:
Topps Tiles Plc 0161 486 2400
Matthew Williams, Chief Executive
Officer
Rob Parker, Chief Financial Officer
Citigate Dewe Rogerson 020 7638 9571
Kevin Smith / Nick Hayns
Note to editors
Topps Tiles Plc is the UK's largest specialist supplier of tiles
and associated tools and accessories, targeting the UK domestic
refurbishment market and serving a retail and trade customer base
from 339 stores nationwide.
Since opening its first store in 1963, Topps has maintained a
simple operating philosophy - inspiring customers with unrivalled
product choice and providing exceptional levels of customer
service.
This focus has established Topps as market leader in the UK, and
underpins its successful strategy of taking profitable market
share, which has increased from 22% in 2007 to 30.3% in 2014.
For further information, please visit
www.toppstiles.co.uk/media-centre/investors.asp
This information is provided by RNS
The company news service from the London Stock Exchange
END
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