RNS Number : 1487L
Topps Tiles PLC
02 July 2014
 

 

 

2 July 2014

 

 

 

Topps Tiles Plc

 

Q3 Interim Management Statement

 

 

Topps Tiles Plc (the "Company"), the UK's largest tile specialist, reports on trading for the 13 weeks ended 28 June 2014.  

 

Like-for-like revenues for the third quarter increased by 6.3% (2013: decrease of 1.5%).

 

The third quarter performance is in line with management's expectations and we remain comfortable with market expectations for the year as a whole.

 

Topps is currently trading from a total of 330 stores. 

 

Matthew Williams, Chief Executive Officer, said: "The like-for-like sales momentum we reported for the first seven weeks of the second half has been maintained for the third quarter as a whole. 

 

"We firmly believe that Topps is continuing to grow ahead of the overall tile market.  Whilst consumer sentiment remains favourable, this performance primarily reflects the focus we have placed on profitable market share gains, with Topps' authoritative range, outstanding service, multichannel convenience and value for money offering a compelling proposition to customers. 

 

"We remain optimistic about trading conditions for the remainder of the year."

 

The Company has now successfully completed the refinancing of its loan facilities through to May 2019.  There have been no other significant or unexpected changes in the financial position of the Group since the publication of the Interim Report for the 26 weeks ended 29 March 2014.

 

 

- Ends -

 

Enquiries:

 

Topps Tiles Plc

0161 486 2400

Matthew Williams, Chief Executive Officer


Rob Parker, Chief Financial Officer




Citigate Dewe Rogerson

Kevin Smith / Lindsay Noton

020 7638 9571

 

 

                       

                       

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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