Trading Statement Year End 2015

DATED: 15TH FEBRUARY 2016

TRADING STATEMENT FOR THE YEAR ENDED
31 DECEMBER 2015

 

Dear Shareholder

I am pleased to report that we have enjoyed a very successful and positive year.

• Total sales have increased by 18% and like for like sales have risen by nearly 6%.
• UK total sales have increased by 21% and by more than 6% on a like for like basis. CI sales grew by 1%.
• In the UK garden centres sales have grown broadly in line with the industry and there have been excellent performances in the Plants, Sundries, Home and Christmas categories.
• After a modest start to the Christmas season for everyone, December sales were strong and Christmas sales in the UK outperformed the industry.
• Newbridge Garden Centre has exceeded our expectations and Trelawney Garden Centre has traded in line with expectations. The redevelopment of Festival Garden Centre has led to a significant increase in sales.
• Chairman Simon Burke comments, "I am delighted that we can report such a strong performance in the business. The key gardening and Christmas seasons have gone well and we expect to report a profit significantly ahead of 2014. Everyone has worked very hard to achieve this and I would like to thank them all for their efforts."

 

Yours faithfully,

Richard Hemans
Group Finance Director and Company Secretary

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