GKLL Gaskell

RNS Number:7199F
Gaskell PLC
26 November 2004

26 November 2004

Gaskell PLC ('Gaskell' or the 'Group')
Trading update

In Gaskell's 2004 Interim Statement issued on 6 September 2004, it was noted
that difficult conditions continued to prevail in certain of the Group's
markets.  However, it was, at that time, anticipated that a number of
initiatives, including new product launches and capital investment, aligned with
a substantially reduced cost base, would lead to more encouraging results in the
current period.  In practice, sales, particularly in the contract sector, have
been lower than anticipated and some pressure on margins has been experienced.
Consequently, losses in the second half of 2004 will be higher than current
market expectations.

The Board is considering various options to improve trading performance,
including the restructuring of certain parts of the business.  In addition, as
outlined in the Interim Statement, the Board continues to consider the strategic
alternatives for the Group.  Shareholders will be kept informed of any
developments in both of these areas.



For further information please contact:

Gaskell PLC                                                         01254 770222
Gerry Wheeler   - Chief Executive
Richard Hopkin  - Finance Director


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