29th April 2008
Lok’nStore Group Plc, a leading company in the fast-growing UK self-storage market announces interim
results for the six months ended 31 January 2008. These are the first interim results presented under
International Financial Reporting Standards (IFRS’) and the first after the successful sale of the Kingston
and Woking Stores at the end of the last financial year. Where reference is made below to ‘like for like’
comparisons this excludes the Kingston & Woking stores from the 2007 figures for comparative purposes.
Financial Highlights
· Turnover £5.52 million – (£5.30 million: six months to 31.1.07) up 13% on a like for like basis
· Group EBITDA £1.42 million – (£1.44 million: six months to 31.01.07) up 18.2 % on a like for like basis
· Operating profit £748,647 – (£769,549: six months to 31.01.07) up 35.5% on a like for like basis
· Adjusted NAV * £2.70 unchanged over period ** (31 July 2007: £2.70, 31 January 2007: £2.02)
· First interim dividend proposed - 0.33 pence per share
