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Kleeneze - Rollason starts to deliver

November 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • KLZ
  • Price:
  • 125p
Since our last update note, Kleeneze has issued a good trading update at the AGM, two acquisitions and an investment in digital television. The trading update had few surprises with both the Kleeneze direct-to-home business and Farepak hampers side trading well. Despite distributor numbers being stable, sales at Kleeneze UK for the first four months are ahead of last year helped by re-designed catalogues, increased pagination and higher average sales per distributor. The Dutch operation  launched in September has 1,000 distributors. Chief executive, William Rollason, has also delivered the deals he promised with two deals. As part of an ongoing strategy to add higher value branded goods to its product range Kleeneze has bough ...

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Related Articles

Kleeneze - Name change proposed to European Home Retail (August 2005)
Kleeneze - Acquires second e-retailer (May 2005)
Kleeneze - Eezee TV launch on 24 February (February 2005)
Kleeneze (January 2004)

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