GFRM Galiform

 

TIDMGFRM 
 
RNS Number : 3733F 
Galiform PLC 
12 January 2010 
 

Galiform Plc 
 
 
2009 YEAR-END UPDATE 
 
 
Galiform Plc, the owner of Howden Joinery, is today issuing an update on trading 
for the year ended 26 December 2009. 
 
 
The Board is pleased to report that the business has continued to perform 
resiliently and has seen satisfactory performance on all key measures for the 
year as a whole. 
 
 
Howden Joinery UK depot sales for the year of GBP756.4m (2008: GBP782.9m) were 
down 3.4%, declining 4.6% on a same depot basis (i.e. excluding depots opened in 
2008 and 2009). 
 
 
In the last three periods of the year, from 5th October to 26th December, total 
sales of around GBP220m were over 6% higher than in the corresponding period in 
2008.  This included the significant benefit of three trading days in the 
Christmas week.  As well as adding an extra day's sales, this meant that there 
was no early tail-off in sales around the previous weekend, as had occurred in 
2008. Excluding these benefits of a longer pre-Christmas week, sales in the last 
three periods of 2009 are estimated to have been around 4% higher than in the 
comparable period in 2008. 
 
 
The gross margin performance in the final periods of the year continued to be 
strong and, taken together with the sales performance, it is now expected that 
profit before tax for the year will be comfortably above 
 the top end of the 
current range of market expectations. 
 
 
Next announcement 
 
 
Galiform will release its 2009 Preliminary Results on 4 March 2010. 
 
 
 
 
Enquiries 
 
 
Investors/analysts: 
 
 
Gary Rawlinson 
Head of Investor Relations    +44 (0)207 535 1127 
                                       +44 (0)7989 397527 
 
 
Media: 
 
 
Brunswick                          +44 (0)207 404 5959 
Kate Holgate 
    Graham Biggart 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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