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Tuesday November 27th 2007

Topps delivers strong performance...

Archived article dated Tuesday November 27th 2007

..despite tough market conditions

Total group revenue increased 15.4 per cent to £207.9 million (2006: £180.2 million) with like-for-like revenue for the period up 4.7 per cent on last year.Topps Tiles opened 25 stores in new locations, rebranded 2 from the TCH format, refitted 10 outlets and closed or relocated a further 6 giving a total of 246 Topps stores. New locations include Crewe, Sheffield, Gloucester, Aylesbury, Scarborough, Brixton and Byfleet.

Topps believes that there is significant potential for growth in their marketplace with the UK still having one of the lowest usages per head of ceramic tiles in Europe, at a level around one third of that of other Northern European countries.Commenting on the results, Matt Williams, Chief Executive said 'This year marked the 10th Anniversary of our listing on the LSE and another year of strong results which, despite tough trading conditions, underlines the success of our strategy and strength of our brand.'


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