Press releases
Trading Statement
31/12/2007
In response to a continued strong sales performance since the last trading update on 11 December 2007, the GAME Group plc ('GAME') is today providing a further trading update.
The Board now expects the Group profit before non-recurring costs and tax for the year to 31 January 2008 will be ahead of market consensus and not less than £70m (2007: £29.5m). As previously announced, non-recurring costs are expected to be around £8m (2007: £nil) (see note below).
The GAME Group plc will report fully on Christmas trading for the 6 weeks to 12 January, as originally scheduled, on Tuesday 15 January 2008.
Note:
Non-recurring costs
The costs to the Group of complying with the requirements of the Competition Commission inquiry are anticipated to be around £4.5m in total, plus a non-recurring charge of approximately £3.5m related to integration connected with the acquisition of Gamestation.
Enquiries:
| Brunswick | Jonathan Glass Wendel Verbeek Ash Spiegelberg |
+44 (0)20 7404 5959 |
|---|
