HLG
25/11/2015 08:42
GENERAL
PRICE SENSITIVE
REL: 0842 HRS Hallenstein Glasson Holdings Limited
GENERAL: HLG: November 2015 Trading Update
Hallenstein Glasson Holdings Limited
Trading Update
Group sales for the first 16 weeks of the new financial year covering the
period 1 August to 22 November 2015 are +3.1% on the prior corresponding
period.
As previously noted in the Company's Annual results release made 30 September
2015 intense competition has meant sales have been achieved at the expense of
margin compared to the same period last year.
The impact of a weaker New Zealand and Australian dollar is beginning to
exert margin pressure and the ability to raise prices to compensate is
limited.
It is however not possible to take any real inference for the total summer
season from these numbers as the December trading period contributes such a
large proportion of sales and profit for the season.
The group is well prepared to capitalise on this key trading period and a
further update will be provided in late January 2016.
Graeme Popplewell
Chief Executive Officer
+64 21738728
25th November 2015
End CA:00274032 For:HLG Type:GENERAL Time:2015-11-25 08:42:55
