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Aga Foodservice says trading mixed

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Date: Friday 09 May 2008

LONDON (ShareCast) - Cooker and kitchen equipment maker Aga Foodservice said trading is mixed as sector data indicates the value of cooker sales has fallen in most international markets this year.

The group however said that while a slowdown in housing transactions continues, it still expects to show underlying progress this year.

Since January, Rangemaster orders are up over 5% so far this year. After a bright start, the group expects its cast iron cooker sales will be flat in the UK in the first half and down in Ireland where the market is very weak.

Trading at Fired Earth improved with orders up 10%.

“New opportunities continue to be identified and major initiatives are underway across the Group, most notably at Marvel in the USA. These measures will help to offset the sustained pressures of commodity price increases,” said the group.