Adairs Ltd (FRA:1FQ)

€ 1.17 0.02 (1.74%) Market Cap: 208.02 Mil Enterprise Value: 365.86 Mil PE Ratio: 9.48 PB Ratio: 1.48 GF Score: 86/100

Adairs Limited - Special Call Transcript

May 04, 2020 / 01:00AM GMT

Release Date Price: €0.84 (-10.16%)

Transcript

Operator

Thank you for standing by, and welcome to the Adairs Limited Trading and Stores Update Conference Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Mark Ronan, Managing Director and CEO. Please go ahead.

Mark Ronan

Adairs Limited - MD, CEO & Executive Director

Good morning, everyone. Thank you for joining us for the call where we will provide a trading and business update in relation to the last 5 weeks whilst the stores have been closed and advise of our store reopening plan before we take questions.

At the time of closing the stores, we advised that we would focus on continuing to support our customers via our online channels at Adairs and Mocka.

The sales results over the past 5 weeks have exceeded our initial expectations and highlight the strength of our online capabilities as an omnichannel retailer. Against the same period last year, Adairs online sales were up 221%. Adairs Australian total sales were down 37% with last year -- when including store sales in the prior year. Mocka Australia

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