AGM Statement
Colefax Group PLC reported that for the 20 weeks ending September 18, 2026, its core Fabric Division experienced an 8.9% sales increase, or 9.6% on a constant currency basis. The US market, representing 66% of Fabric Division sales, saw a strong 14.0% rise (15.2% constant currency), while Europe grew 2.5% (2.7% constant currency) and the UK declined by 4.5%. The company acknowledges challenging trading conditions in the UK and Europe due to rising energy prices and anticipates a moderation in the US growth rate in the second half of the year.
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Colefax will hold its Annual General Meeting at 11.00 a.m. this morning and David Green, Chief Executive, will make the following comment on current trading:
"In the Group's core Fabric Division, sales for the 20 weeks to 18 September 2026 were up by 8.9% and up by 9.6% on a constant currency basis. Sales in the US, which is our largest market accounting for 66% of the Fabric Division total, were up by 14.0% and 15.2% on a constant currency basis. Sales in Europe were up by 2.5% and up by 2.7% on a constant currency basis. Sales in the UK were down by 4.5%.
"We have just entered our critical autumn selling period. Current trading remains challenging in the UK and Europe and we are concerned about the economic consequences of rising energy prices. The strong sales performance in the US reflects the ongoing strength of the US stock market but we do expect the rate of increase to moderate as we come up against tougher comparatives in the second half of the year."
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