Topps Tiles - Interim Management Statement

Topps Tiles Plc (the "Company"), the UK's largest tile specialist, reports on trading for the 13 weeks ended 30th June 2012.

Like-for-like revenues across the full 13 weeks of the third quarter have increased by 2.1% (2011: down 1.9%).

The result for the third quarter is in line with management's expectations and, as we enter our final financial quarter, we remain comfortable with market expectations for the year as a whole1.

During the quarter we opened three new stores and are currently trading from a total of 322 UK stores. We continue to target a total of 325 stores for the year end.

There have been no significant or unexpected changes in the financial position of the Group since the publication of the Interim Report for the half year ended 30th March 2012.

1 The current range of analysts' estimates for adjusted pre-tax profit for the year ended 30 September 2012 is £11.5m to £14.0m, with a consensus of £13.0m.

Source : Topps Tiles
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