TIDMAGA 
 
11th November 2011 
 
FOR IMMEDIATE RELEASE 
 
                 AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER") 
 
                         INTERIM MANAGEMENT STATEMENT 
 
   MARKETS REMAIN CHALLENGING - STRONG COMMERCIAL PLANS PROVIDING RESILIENCE 
 
AGA Rangemaster, the specialist in range cookers and kitchen living, today 
issues an interim management statement for the period from 1st July 2011 to 
10th November 2011. 
 
Overview 
 
We have seen the expected seasonal pick up in activity during the key autumn 
sales period although orders are currently running slightly below last year's 
seasonal peak levels. The benefits of operational reorganisations are being 
delivered, notably for AGA Marvel in North America. Group revenues are trending 
- as at the half year - to be slightly below last year's GBP259 million. Profit 
before non-recurring items and tax is expected to be up excluding last year's 
pension curtailment gains. Net cash balances are expected to be close to last 
year's GBP35 million. 
 
The progress achieved with new product development and the integration of the 
businesses ensures we remain well positioned for when economic conditions 
stabilise. 
 
Operational Review: Our Brands 
 
Rangemaster remains the principal contributor to the Group's performance. 
Systematic product enhancements and range extensions have brought Rangemaster 
over half the UK range cooker market by value. Revenues are running below last 
year with European markets slowing in recent weeks. Selling prices will rise at 
the start of 2012 to reflect input cost increases this year. 
 
The new platform of AGA Total Control launched in May is performing well and 
now accounts for one in every three AGA cookers ordered. An AGA which is "on 
when you need it and off when you don't" is attracting a wider audience and the 
marketing drive for it is continuing strongly in the UK and will move shortly 
into international markets. While sales of cast iron cookers overall will be 
down this year, the outlook is encouraging as we increase emphasis on efficient 
sales processes that reflect the new, simplified and economical ranges we have 
developed. 
 
In Ireland, sales of our stoves are at record levels, most notably of our new 
boiler stoves made in Waterford. 
 
In North America the fully integrated AGA Marvel offering of hot and cold 
products led by the glass door refrigerator which is designed for wine, 
beverages and fresh produce, is trading profitability. 
 
Fired Earth has strengthened margins and losses have fallen on turnover down 
year-on-year. Grange, with an outstanding new catalogue driving sales increases 
and with the introduction of computer technology to assist customers in product 
specification soon to be introduced, the prospects are much improved. 
 
William McGrath, Chief Executive commented: "As we anticipated, the autumn has 
been very tough. We will, however, achieve profit growth this year, have a 
strong cash position and continue to take decisive commercial action to support 
our great product development work. Our base case assumes no early upturn but 
we know we are well placed when market conditions improve." 
 
Enquiries: 
William McGrath, Chief Executive, AGA Rangemaster - 01926 455731 
Simon Sporborg / Charlotte Kenyon, Brunswick Group - 020 7404 5959 
 
 
 
END
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