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PC Online Gaming
c/o LiaiseOnline Limited
1 Clewer Hill Road
Windsor
Berkshire
SL4 4BU
Tel: 01753 852904
Email
View map
c/o LiaiseOnline Limited
1 Clewer Hill Road
Windsor
Berkshire
SL4 4BU
Tel: 01753 852904
View map
Created by Jon Davey
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Uplifting news from The GAME Group plc
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Interim Management Statement
The GAME Group plc ("GAME"), a leading European retailer of pc and video games products, today issues its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This relates to the period to 29 November 2008. Peter Lewis, the Chairman of GAME, said: Trading Update "For the 44 weeks to 29 November 2008, total Group sales were up by 27.4%. Like for like (lfl) Group sales for the same period were up by 11.2%. In the UK and Ireland, total sales were up by 25.1% and lfl sales were up by 11.9%. In our International business, total sales and lfl sales were up by 33.9% and 9.3%, respectively. For the 18 weeks to 29 November 2008, total Group sales were up by 9.3%. Like for like (lfl) Group sales for the same period were up by 1.5%. In the UK and Ireland, total sales were up by 4.7% and lfl sales were up by 1.8%. In our International business, total sales and lfl sales were up by 23.5% and 0.7%, respectively. Store openings and capital expenditure Our portfolio has increased by 183 stores in the year to date and we will operate from over 1,340 stores over the Christmas trading period. (See note below). The integration of our acquisition in the Czech Republic which we announced in September is progressing well and trading is in line with expectations. Outlook To date, our customers' spending patterns have remained relatively resilient considering the challenges in the wider economy. Our previous guidance is unchanged and the Board remains confident of a successful outcome for the year. The Group will next report on 13 January 2009 when it will publish sales for the key Christmas trading period." |
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