News : Strong Sales growth in Quarter 1; Like for Like Sales up 9%
FIRST QUARTER INTERIM MANAGEMENT STATEMENT OCTOBER 2009
STRONG GROWTH IN SALES – UP 9%
The First Quarter results show a very pleasing start to the financial year, maintaining good progress in a challenging economic climate. In spite of the severe contraction in the market, the business has grown its market share due to an increased presence throughout the UK, a focused projects strategy, and a priority placed on excellent customer service. Profitability is also ahead of forecast due primarily to improved efficiency and proficient cost management .
We are keeping a clear focus through the downturn on our long-term strategic objective for growth, and we are proud to announce that in spite of recessionary conditions we have been able to recruit several more colleagues over the previous quarter. Although market conditions are still shrouded in uncertainty, our target to double our turnover to £10 million in 5 years time is still ahead of plan.
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