Stock Market News
ScS releases solid half-year trading growth
Upholstered furniture and floorings retailer ScS issued a trading update on Wednesday, ahead of announcing its interim results for the half year to 27 January, which was scheduled to be on 21 March.
The group said it achieved like-for-like order intake growth of 2.2% and two-year like-for-like order intake growth of 5.3% for the 26 weeks period.
It said the core ScS business had continued to perform well, with like-for-like order intake up 2.5%, and two-year like-for-like orders up 4.7%.
Its House of Fraser concessions, which represented 7.4% of group order intake in the period, saw like-for-like orders decline 0.4%, with two-year like-for-like orders up 13.2%.
"Following the opening of our new store in Chelmsford on Boxing Day, the group now trades from 101 ScS stores and operates 27 House of Fraser concessions," the ScS board said in its statement.
"The board is also pleased to announce an extension of the group's committed £12m revolving credit facility to November 2021."
ScS said it traded in line with the board's expectations in the first half of the financial year, including the key winter sales period.
"We believe the group's increasing resilience and value proposition will enable us to manage the continued economic uncertainty and take advantage of opportunities."
The group said it achieved like-for-like order intake growth of 2.2% and two-year like-for-like order intake growth of 5.3% for the 26 weeks period.
It said the core ScS business had continued to perform well, with like-for-like order intake up 2.5%, and two-year like-for-like orders up 4.7%.
Its House of Fraser concessions, which represented 7.4% of group order intake in the period, saw like-for-like orders decline 0.4%, with two-year like-for-like orders up 13.2%.
"Following the opening of our new store in Chelmsford on Boxing Day, the group now trades from 101 ScS stores and operates 27 House of Fraser concessions," the ScS board said in its statement.
"The board is also pleased to announce an extension of the group's committed £12m revolving credit facility to November 2021."
ScS said it traded in line with the board's expectations in the first half of the financial year, including the key winter sales period.
"We believe the group's increasing resilience and value proposition will enable us to manage the continued economic uncertainty and take advantage of opportunities."
Related share prices |
---|
African Eagle Resources (AFE) share price |
SCS Group (SCS) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price