TIDMAGA 
 
FOR IMMEDIATE RELEASE 
14th January 2011 
 
                 AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER") 
 
                                TRADING UPDATE 
 
            GROWTH IN AGA AND RANGEMASTER COOKER SALES BOOSTS 2010 
 
AGA Rangemaster, the specialist in range cookers and kitchen living, today 
issues a trading update ahead of its preliminary announcement of the results 
for the year ended 31st December 2010 which will be made on Friday 11th March 
2011. 
 
Group Overview 
 
AGA Rangemaster performed well in November and December and traded in line with 
the Board's expectations through to the end of 2010. Revenues for the year were 
up 5% on 2009's GBP245 million. Tight cash management and the focus on costs 
helped provide a good cash flow and at 31st December 2010 net cash exceeded GBP33 
million - a further improvement on last year end's net cash of GBP28 million. 
This is after a GBP2 million deficit recovery payment to the Group's Pension 
Scheme. 
 
Operational Review 
 
Increased sales of AGA and Rangemaster cookers boosted performance in 2010. 
Sales of AGA cookers closed strongly and were well up year on year. Overall 
cast iron cooker sales, including Rayburn and Stanley - where sales are largely 
in Ireland - were lower in the full year but ahead in the second half. 
Rangemaster cooker sales volumes were up nearly 5% in the year. Sales were 
particularly good in the 200 Rangemaster design centres where comprehensive 
ranges of Rangemaster appliances are available. Sales of induction models of 
Falcon and Mercury lines and of branded related appliances such as fridges were 
all strong. 24% of Rangemaster cooker sales were exports - up over 21% on 2009. 
France is now its largest export market. Fired Earth saw an improving trend 
line later in the year leaving like-for-like orders up 2% in the year. Cookware 
sales for AGA and Divertimenti beat expectations over the Christmas period. 
 
AGA Marvel in North America benefited from recently completed business 
integration programmes. Consumer markets, however, continue to be weak and 
sales were marginally lower. Grange had a satisfactory year in Europe and saw 
losses cut in North America. 
 
Our product development initiatives are already having an impact and the launch 
pipeline for 2011 is excellent. AGA, Rayburn, Rangemaster, AGA Marvel and Fired 
Earth all have major launches planned for the first half year. 
 
Other Items 
 
The Group received cash of GBP7.6 million on 7th January 2011 on the exercise of 
an option held by Niagara Corporation to acquire the freeholds of certain 
properties used by metal processing operations it acquired from the Group in 
1999. Net income in 2010 from these properties was GBP0.8 million and the sale 
will give rise to a book profit in 2011 of around GBP0.6 million. 
 
The Group expects a judgement from a German Court this year relating to the 
valuation of a minority shareholding in a business which the Group acquired in 
1998 and sold in 2001. A provision to meet possible future costs arising has 
been maintained for some years. 
 
William McGrath, Chief Executive, commented: 
 
"Our two core brands, Rangemaster and the classic AGA, put in strong 
performances and were key to the sales rebound we saw during 2010. We now have 
a solid financial and operational base to build on, supported by an excellent 
range of new products coming down the track. Despite the continued uncertain 
markets, the Group feels well positioned as we move into 2011." 
 
 
Enquiries: 
 
William McGrath, Chief Executive, AGA Rangemaster Group plc - 01926 455731 
Simon Sporborg/Charlotte Kenyon, Brunswick Group - 020 7404 5959 
 
 
 
END
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