Mothercare (MTC.L) 18p £67.49m
The specialist global retailer for parents and young children, issued the following trading update, covering the 15-week period to 13th July 2019
Progress made in creating the optimal structure for UK retail operations as an independent Mothercare UK franchise
Revised expectation that the medium-term outlook for the UK market will continue to be uncertain and volatile, accompanied by fragile consumer confidence.
Underlying full-year PBT is forecast to be broadly comparable to the prior year, inclusive of an estimated negative impact of £2m of adopting IFRS16.
International: Growth in the key markets of India +5.5%, Indonesia +10.5% and Russia +3.4%, offset by retail sales decline in the Middle East of 11.1%