Colefax Reports Mixed Sales Results Ahead of AGM

Colefax (GB:CFX) has released an update.

Colefax Group PLC has reported a slight 2% decline in sales for their core Fabric Division in the past 21 weeks, with a contrasting 1% increase on a constant currency basis. A notable 5% sales increase in the US market is balanced by a 12% decrease in the UK and a 2% drop in Europe. Despite these mixed results, the company anticipates its performance for the financial year to align with market expectations as it enters the crucial autumn selling season.

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