TIDMAGA 
 
8th July 2011 
 
FOR IMMEDIATE RELEASE 
 
                    AGA RANGEMASTER GROUP PLC ("the Group") 
 
                                TRADING UPDATE 
 
       Profit growth achieved and AGA Total Control launch well received 
 
AGA Rangemaster Group plc, the range cooker and kitchen living specialist, 
today provides a trading update ahead of its interim results for the six months 
ended 30th June 2011 to be announced on 26th August 2011. 
 
The Group has had a solid first half to the year. Good operating profit 
progress was made even though housing-related consumer expenditure remained 
subdued. Revenues were slightly lower but margins improved, particularly in 
parts of the Group that had been weaker performers. Net cash balances have 
increased year-on-year. 
 
Rangemaster cooker volumes were, overall, slightly down because of the 
relatively quiet UK market. Exports continued to achieve new record levels on 
the continent. 
 
The Group is now seeing the benefit of decisive management action taken at 
Fired Earth. The run rate of losses has fallen sharply. A clear plan with a 
strong incentive structure is in place to improve performance over the next 
three years. For AGA Marvel in North America demand remains subdued and the 
onus remains on programmes to widen the customer base using, in particular, a 
new range of premium undercounter refrigerators. Profitability has improved 
following the rationalisation of Heartland cooker production and the cold lines 
of Marvel into the one Greenville, Michigan production, distribution and 
service support facility. 
 
The major development for the Group in the first half of the year was the UK 
launch of AGA Total Control which was very well received. It will be launched 
this autumn in international markets. 
 
The flexibility of the AGA Total Control - "On when you need it; off when you 
don't" - is attracting new customers to the radiant heat cooking of cast iron 
ovens and the sales to owners trading up continues to rise. AGA Total Control 
will bring renewed sales momentum for AGA in the second half of the year and is 
central to our strategy to grow cast iron cooker sales substantially. 
 
Cash flows remain carefully managed and working capital ratios are now in line 
with long run objectives. At 30th June 2011 net cash was in excess of the GBP22.4 
million balance of a year ago. 
 
William McGrath, Chief Executive commented: "In the current market we are 
pleased with our performance, strong cash balance and market leading positions. 
Looking forward we are excited about the growth opportunities for our new 
products led by AGA Total Control which epitomises our plans for the future." 
 
 
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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