ScS Upholstery PLC
12 August 2003
For Immediate Release 12 August 2003
ScS Upholstery plc ('ScS' or 'the Company')
Trading update
The board of ScS, the upholstery specialist, wishes to inform the market that
the record breaking hot weather over the last few weeks has had an inevitable
effect on trading. After 45 weeks of the current financial year, the overall
like-for-like sales order intake is down by 2%, however, the underlying
like-for-like sales order intake is up by 2%. The underlying like-for-like
figure excludes the effect of the buoyant first six weeks of new store openings,
of which there were 11 in the prior period.
With the trading period leading up to the traditionally busy August bank holiday
still ahead of us, the board believes that ScS will report another year of
record profits before tax, albeit slightly below the market's expectations for
the financial year ending 30 September 2003.
ScS continues to gain market share and remains on target to achieve its
short-term goal of 70 stores by the end of 2004.
For further information please contact:
David Knight (Chief Executive)
ScS Upholstery plc
Tel: 07802 770895 or 0191 514 6055
Richard Oldworth/Isabel Petre
Buchanan Communications
Tel: 020 7466 5000
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