8 Jan 2009 07:00
8 January 2009
Findel plc
Trading Update
The Board of Findel plc, one of the UK's leading Home Shopping and Educational Supplies businesses today releases a trading update.
Group sales for the 39 weeks of the period ended 2nd January 2009 are 4% below the same period last year. The Board believes this to be a satisfactory performance in the current market.
Sales in the Home Shopping Division were 6% lower than the same period last year reflecting not only the current economic environment but also a planned reduction in recruitment in the credit business. Sales in the Educational Supplies Division were 3% below the same period last year, however sales demand is cumulatively 1% ahead. The Healthcare Division has continued its strong performance over the period with sales 14% ahead.
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For further information please contact:
| Findel plc Patrick Jolly/Chris Hinton | 01943 864 686 |
| Financial Dynamics Jonathan Brill/Billy Clegg/Caroline Stewart | 020 7831 3113 |