ADIL Adili

 
TIDMADIL 
 
27 May 2009 AIM: ADIL 
 
                                   Adili plc 
 
                          ("Adili" or "the Company") 
 
                                Trading Update 
 
Adili plc is an online retailer of ethical fashion and lifestyle products 
trading through Adili.com. The Board of Adili announces a pre-close trading 
update for the year ended 30 April 2009. 
 
Key Points 
 
  * Sales for the year ended 30 April 2009 up 56 per cent. 
 
  * EBITDA expected to be marginally lower than market expectations 
 
  * New website launched November 2008 
 
  * Own label collections successfully delivered 
 
Sales for the year ended 30 April 2009 are expected to be approximately GBP 
550,000. EBITDA is expected to be marginally below expectations due to 
investment in the new website platform and reduced gross margins owing to 
discounting undertaken reflecting the trading conditions in the retail market. 
The launch of our new website platform in November 2008 represented a 
significant stepping stone for the future growth of the business and has been 
well received by customers with conversion rates significantly up year on year. 
 
Both own labels, Adili and Ascension, delivered their first collections in the 
financial year and are achieving above average sell through rates. Adili 
continues to invest to increase the proportion of sales represented by own 
label products to improve overall margins and control of supply chains. 
 
An interim fundraising in April 2009 raised GBP350,000 gross to fund short term 
working capital requirements and the Company remained debt free as at 30 April 
2009. We are continuing to actively seek funds that will be required by late 
July 2009 for working capital to continue the Company's development towards 
cash breakeven and profitability. 
 
Preliminary results 
 
The Board expects to announce preliminary results for the year ended 30 April 
2009 in July 2009. 
 
Nick Samuel, Chairman, commented: 
 
"I am pleased to report another year of considerable progress for Adili. 
Current trading remains buoyant and sales growth, despite the present economic 
conditions, is accelerating as internet shopping and the ethical market 
continues to gain popularity." 
 
Enquiries: 
 
Adili plc                                                      T: 01258 837 437 
 
Adam Smith, Chief Executive Officer 
 
Mark Swire, Finance Director 
 
John East & Partners Limited, a subsidiary of                  T: 020 7628 2200 
Merchant Securities Plc 
 
David Worlidge 
 
Bidhi Bhoma 
 
 
 
END 
 

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