SCS Group PLC

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Denjoe
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Re: SCS Group PLC

Bericht door Denjoe » 08 aug 2018 08:30

ScS Group plc

("ScS" or the "Group")

Trading Update



TRADING IN LINE WITH BOARD'S EXPECTATIONS

ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update for the 52 weeks ended 28 July 2018 (the "Year") ahead of announcing its preliminary results on 2 October 2018.



The Board is pleased to report that the Group has traded in line with its expectations for the Year, with overall order growth of 1.3%.



In the interim results update on 21 March 2018, the Group reported like-for-like order intake growth for the first half of the year of 2.2%. We also highlighted the impact of the adverse weather conditions in the week commencing 25 February 2018, and stated that we expected trading to remain challenging. The continued softer trading environment, coupled with extremely warm weather in June and July, has resulted in like-for-like order intake in the second half of the year declining by 2.6%.



For the full year, the Group has therefore achieved an overall like-for-like order intake increase of 0.2%.



Analysis of like-for-like orders by division



H1

H2

Total

Core ScS

+2.5%

(2.5%)

+0.4%

HoF concessions*

(0.4%)

(4.3%)

(1.9%)

Group

+2.2%

(2.6%)

+0.2%

*House of Fraser concessions contributed 7.2% of Group order intake in the year.



David Knight, Chief Executive Officer of ScS, commented:



"I am pleased to announce that the Group has traded in line with the Board's expectations for the year, an encouraging result given the challenging retail environment. We believe this demonstrates the increasingly resilient nature of our business and the success of our value proposition. We remain focused on continuing to deliver our growth strategy and providing excellent choice, value and quality for our customers."



The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Next scheduled update



The Group will announce its preliminary results for the 52 weeks ended 28 July 2018 on Tuesday 2 October 2018.



An analyst meeting will be held at the offices of Buchanan, 107 Cheapside, EC2V 6DN at 9.30am.
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Re: SCS Group PLC

Bericht door jens_dev » 02 okt 2018 09:54

Jaarresultaten worden goed ontvangen. Blijf toch een zeer goedkoop aandeel. Noteert aan circa 5x de FCF (of 20% yield) als je een aangepaste nettokaspositie van £17m in aanmerking neemt. Het jeukt toch.
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Re: SCS Group PLC

Bericht door Denjoe » 25 okt 2018 07:56

Link naar het jaarrapport:

https://www.scsplc.co.uk/~/media/Files/ ... ?pdfdata=1

Market Purchases
17. That the Company be and is generally and unconditionally authorised, pursuant to section 701 of the Act, to make market purchases (within the meaning
of section 693(4) of the Act) of ordinary shares, subject to the following conditions:
17.1. the maximum aggregate number of ordinary shares authorised to be purchased is 4,000,911 representing approximately 10 per cent of the Company’s
issued ordinary share capital as at 10 October 2018, being the latest practicable date prior to the publication of this document;
17.2. the minimum price (excluding expenses) which may be paid for each ordinary share is 0.1 pence (being the nominal value of an ordinary share);
17.3. the maximum price (excluding expenses) which may be paid for each ordinary share is the higher of:
17.3.1. 105 per cent of the average of the middle market quotations for the ordinary shares as derived from the London Stock Exchange Daily
Official List for the five business days immediately preceding the day on which the share is contracted to be purchased, and
17.3.2. an amount equal to the higher of the price of the last independent trade of a share and the highest current independent bid for a share
as derived from the London Stock Exchange Trading System, and
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Acquisition

Bericht door Denjoe » 31 jan 2019 10:48

29/1/ 2019







ScS Group plc

("ScS" or the "Group")

Response to recent press speculation

ScS, one of the UK's largest retailers of upholstered furniture and floorings, notes the recent press speculation regarding the potential acquisition of Sofa.com Limited.



The Group confirms that ScS Group plc is in discussions regarding a potential acquisition of the business and assets of Sofa.com Limited. There can be no certainty that a transaction will be concluded and a further announcement, as appropriate, will be made in due course.



The information contained in this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.



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Re: SCS Group PLC

Bericht door Denjoe » 31 jan 2019 10:48

31 January 2019


ScS Group plc

("ScS", or the "Group")

Half Year Trading Update

Trading for the Group in line with the Board's expectations



ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update ahead of announcing its interim results for the 26 weeks ended 26 January 2019 on 19 March 2019.



The core ScS business has continued to trade in line with our expectations, with like-for-like order intake growth of 1.5% for the 26 weeks ended 26 January 2019. Two-year like-for-like order intake has grown 4.5%. Trading over the key winter sales period, whilst impacted, as expected, by the loss of one trading day in the week of Boxing Day, was also in line with our expectations.



In line with the plan announced on 25 October 2018, the Group has now ceased trading from all 27 concessions within House of Fraser.



The Group has traded in line with the Board's expectations in the first half of the financial year. Whilst we are mindful of the risk from the impending Brexit outcome, we believe the Group's increasing resilience puts the business in a strong position to manage the continued economic uncertainty and take advantage of opportunities.
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Re: SCS Group PLC

Bericht door Denjoe » 19 mar 2019 10:13

ScS Group plc
("ScS" or the "Group")
Interim results for the 26 weeks ended 26 January 2019
CONTINUED PROFITABLE GROWTH IN AN UNCERTAIN RETAIL ENVIRONMENT
ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce its interim results for the 26 weeks ended 26
January 2019.
Financial Highlights:
· Gross sales up 1.2% to £159.2m (2018: £157.4m)
· Revenue up 1.1% to £151.4m (2018: £149.9m)
· Gross profit increased 1.5% to £71.5m (2018: £70.4m)
· Gross margin improved to 44.9% (2018: 44.7%)
· Underlying EBITDA from continuing operations improved by £0.3m to £3.4m (2018: £3.1m)
· Underlying operating profit improved by £0.3m to £0.8m (2018: £0.5m)
· Operating profit from continuing operations of £0.4m (2018: £0.5m)
· Underlying earnings per share of 2.2p (2018: 0.1p)
· Statutory earnings per share of 0.4p (2018: 0.1p)
· Strong cash inflow from operating activities of £20.7m (2018: £18.2m)
· Strong balance sheet with cash of £62.5m (2018: £51.8m)
· Interim dividend increased 3.8% to 5.50p per share (2018: 5.30p per share)
Operational Highlights:
· Like‐for‐like order intake up 1.5%
· Two year like‐for‐like order intake up 4.5%
· Continued investment in our e‐commerce offering has seen online sales increase 30.0% to £7.8m (2018: £6.0m)
· 5 star "Excellent" rating maintained on Trustpilot with over 135,000 reviews
· Completed successful refurbishments of flooring department in every store
· Implementation of technology for delivery and upholstery teams, further enhancing our customer experience
· Orderly exit from House of Fraser concessions completed in January 2019
Current trading and outlook:
· Order intake up 2.9% on a like‐for‐like basis for the 33 weeks to 16 March 2019
· Year to date trading in line with the Board's expectations
David Knight, Chief Executive Officer of ScS, commented:
"The Group continues to deliver profitable growth whilst increasing its resilience. The Board is pleased with the Group's year to date trading, which
is in line with its expectations. For the 33 weeks ended 16 March 2019, the Group achieved like‐for‐like order intake growth of 2.9% and two‐year
like‐for‐like order intake growth of 4.6%. Our focus on providing excellent choice, value and quality for our customers, coupled with our
commitment to delivering against our strategic priorities, continues to prove successful.
The retail market continues to suffer in the midst of the uncertain economic and political environment. We therefore expect the trading
environment to continue to remain challenging in the short to medium term, although the Board is confident that the Group is well positioned to
maximise opportunities as they arise."
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Re: SCS Group PLC

Bericht door jens_dev » 19 mar 2019 17:48

Gek dat ze weinig of geen winst of vrije kasstroom genereren in H1. Is toch gewoon een retailmodel? Ik blijf ervan af. Algemene beoordelingen online zijn vernietigend.
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Re: SCS Group PLC

Bericht door Denjoe » 19 mar 2019 20:06

Voorlopig geen klagen, +40% sinds instap en wat dividenden opgestreken. Ik houd ze nog even vast.
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Trading update

Bericht door Denjoe » 01 aug 2019 12:48

https://otp.tools.investis.com/clients/ ... id=1318589

Trading Update

Further order growth and full year performance in line with the Group's expectations

ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update for the 52 weeks ended 27 July 2019 ahead of announcing its preliminary results on 1 October 2019.



We are pleased to report that the Group has seen like-for-like order intake growth of 4.2%, with two year like-for-like order intake growth of 5.2%. The Group expects to report full year results in line with its expectations.



The Group reported like-for-like order intake growth for the 33 weeks ended 16 March 2019 of 2.9%, and the full year performance reflects the strong growth the Group has achieved in the last 19 weeks. This growth has been partly assisted by weaker comparatives in the prior year, as a result of the hot weather and football World Cup.



David Knight, Chief Executive Officer of ScS, commented:



"I am delighted to announce that the Group has traded in line with our expectations for the year, an encouraging result given the challenging retail environment. This result is underpinned by the team's relentless focus on becoming Britain's best value sofa and carpet retailer, thereby facilitating our continued outperformance in the current political and economic environment. We will continue to target profitable growth by providing an excellent customer experience, with outstanding value, quality and choice for our customers."



Next scheduled update



The Group will announce its preliminary results for the 52 weeks ended 27 July 2019 on Tuesday 1 October 2019.



An analyst meeting will be held at the offices of Buchanan, 107 Cheapside, EC2V 6DN at 9.30am on Tuesday 1 October 2019.
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Re: SCS Group PLC

Bericht door Denjoe » 01 okt 2019 09:46

ScS Group plc
("ScS" or the "Group")
Preliminary Results for the 52 weeks ended 27 July 2019
Continued profitable growth and increasing resilience
ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce its Preliminary Results for the 52
weeks ended 27 July 2019.
Financial highlights:
· Gross sales improved £5.8m to £333.3m (2018: £327.5m)
· Revenue improved £4.6m to £317.4m (2018: £312.8m)
· Gross margin maintained at 45.0% (2018: 45.0%)
· Underlying EBITDA from continuing operations improved by £0.6m to £19.7m (2018: £19.1m)
· Underlying operating profit from continuing operations increased 4.6% to £14.3m (2018: £13.7m)
· Operating profit from continuing operations of £13.9m (2018: £13.7m)
· Underlying earnings per share of 30.3p (2018: 26.8p), an increase of 13.1%
· Statutory earnings per share of 28.5p (2018: 26.8p)
· Free cash flows in the year of £16.0m
· Strong balance sheet with cash of £57.7m (2018: £48.2m) and no debt
· Recommended final dividend of 11.20p per share, full year dividend of 16.70p per share (2018: 16.20p), an increase of 3.1%
Operational highlights:
· Strong like‐for‐like order growth of 4.2% during the year
· Continued investment in our e‐commerce offering has driven an online sales increase of 21.7% to £16.8m (2018: £13.8m)
· Roll out of our new in‐store sales app completed end of July 2019 improving the customer experience
· 5 star "Excellent" rating maintained on Trustpilot with over 160,000 reviews
· Completed refurbishments of our flooring departments in every store
· New store opened Kirkcaldy (Scotland) in September 2019
· Implementation of technology for delivery, surveying and upholstery teams, further enhancing our customer experience
Current trading:
· Whilst it is still very early in the new financial year, the Group has had a more challenging start to FY20, with like‐for‐like order
intake falling 7.6% for the period from 28 July 2019 to 29 September 2019. On a two year basis, like‐for‐like order intake was
down 3.0%. The period has been impacted by the record temperatures seen over the key August bank holiday weekend and the
increased political and economic uncertainty that the UK is currently facing

Op dit moment -8%, ik vermoed vooral door de laatste paragraaf.
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