StockMarketWire.com - Colefax has entered its important autumn selling season with favourable market conditions in the US and the UK but challenging conditions in most European countries, shareholders at the annual general meeting later today will be told.

Chairman David Green will say: "In the Group's core Fabric Division, sales in the US for the four months to 31 August 2014 are up by 7% on a constant currency basis. The US is the Group's largest market accounting for approximately 56% of Fabric Division sales and the recent strengthening of the US dollar against Sterling is a welcome development.

"In the UK, sales for the four months to 31 August are up by 10% but against weak prior year comparatives. In Europe, sales for the four months to 31 August are down by 5% on a constant currency basis."




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