AGA Aga Rangemaster

 
TIDMAGA 
 
15th November 2013 
FOR IMMEDIATE RELEASE 
 
                 AGA RANGEMASTER GROUP PLC ("AGA RANGEMASTER") 
                         INTERIM MANAGEMENT STATEMENT 
                    Sound trading with AGA sales hotting up 
 
 
AGA Rangemaster, the range cooker and kitchen living specialist, today issues 
an interim management statement for the period from 1st July 2013. 
 
Activity in the Group's markets has started to pick up as expected, with an 
improvement in the number of housing transactions following on from the 
acceleration in the levels of mortgage approvals. 
 
AGA cooker orders are promising and are now up over 15% so far this year. The 
AGA Dual Control launched in July is encouraging existing owners to trade up 
and, together with the Total Control launched in 2011, now represent over half 
of AGA cooker orders since the half year. 
 
For the Group as a whole we expect second half revenues to be ahead of last 
year: order intake is currently up around 3% year to date. The transition from 
tougher to more normalised markets for our brands is not uniform. Rangemaster 
orders are just ahead for the year to date, having trailed in the first half. 
Rayburn and Stanley cast iron cooker sales are down. AGA Marvel sales in North 
America continue to be comfortably ahead of the prior year. Fired Earth orders 
are up 4% for the year to date but Grange orders are down. 
 
Trend lines suggest a sound performance in 2013 with an improving outlook for 
2014 as sales and product initiatives come to fruition. For example, our first 
shipment of AGA and Rangemaster products for the Chinese market, to be sold in 
collaboration with Vatti, will be made shortly in preparation for a full launch 
in the first quarter of 2014. 
 
William McGrath, Chief Executive commented: "The improving housing market 
creates a more positive backcloth for the Group and sales trend lines in most 
of our operations are encouraging. However, until household goods expenditure 
starts growing, it is right to be cautious. AGA sales are a hot spot fueled by 
our new generation of product and as home moves increase, our products come 
front of mind." 
 
Enquiries: 
 
William McGrath, Chief Executive, AGA Rangemaster - 01926 455731 
Charlotte Winsley / Laura Jack, Brunswick Group - 020 7404 5959 
 
 
END 
 

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