18 January 2012 – interim management statement

Home shopping group Findel has announced a pleasing interim management statement with sales in the period from 1 October to 17 January up by 4.5% compared with the previous year.  Express Gifts has continued to see strong growth with its best Christmas for four years, whilst Kleeneze and Kitbag have also done well.  Educational Supplies trading has remained difficult although the Healthcare business continues to perform well.  All in all these were good results in challenging trading conditions and the shares are a LONG TERM BUY.