Game Group trading in line with expectations
The integration of the recently acquired Gamestation brand continues to progress well.The Group's store portfolio has increased by 23 stores in the year to date and now operates from 1,365 stores across ten countries and two brands. Capital expenditure during the year is expected to be between £30m and £35m, excluding capital costs relating to the integration of Gamestation, the company said.
The Group said that continues to operate with a strong balance sheet. The Group net debt as at 30 May 2009 was £86m (31 January 2009: net cash £81.2m; 31 July 2008: net debt £57.8m). Average net debt during the year to 31 January 2010 is expected to be around £60m.
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