Further Re: Trading Update
30 Juin 2006 - 4:12PM
UK Regulatory
RNS Number:4778F
European Home Retail plc
30 June 2006
For Immediate Release 30 June 2006
EUROPEAN HOME RETAIL plc
Further Re: Trading Update
The Board of European Home Retail plc announces that further to the trading
update announced on 23 March, the Group is trading in line with the revised
expectations as set out in that announcement.
However, the Group's voucher provider, Choice, went into administration earlier
this year. The result of this has been a change in the environment in the
voucher marketplace. The likely effect of this is that future payment terms for
vouchers will be less advantageous than in the past. Such a change in payment
terms would give rise to an Autumn peak borrowing requirement substantially
higher than in previous years and above current bank facilities.
The Board is exploring all options to arrange additional financing for this peak
period.
End
For further information contact:
European Home Retail plc 01793 606000
William Rollason, Chief Executive
Buchanan Communications 020 7466 5000
Richard Oldworth/ Suzanne Brocks
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEALKEDFFKEFE
European Home Retail (LSE:EHR)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
European Home Retail (LSE:EHR)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025
Real-Time news about European Home (London Stock Exchange): 0 recent articles
Plus d'articles sur European Home