SDI Group’s trading update for the year ended 30 April 2024 is in line with current guidance for FY24, with good momentum heading into FY25. This reflects the hands-on approach under the new CEO, addressing short-term issues that had led to underperformance in some businesses. The underlying portfolio performed well in terms of profitability and cash generation, with improved trading in a number of businesses. The increased cashflow in H2 and significant headroom within its banking facilities leave SDI well placed to continue its buy and build strategy.
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20 May 2024
PROGRESSIVE: SDI Group: Solid update reflects strong second half
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PROGRESSIVE: SDI Group: Solid update reflects strong second half
SDI Group plc (SDI:LON) | 66.5 -0.3 (-0.8%) | Mkt Cap: 69.5m
- Published:
20 May 2024 -
Author:
Tessa Starmer -
Pages:
4 -
SDI Group’s trading update for the year ended 30 April 2024 is in line with current guidance for FY24, with good momentum heading into FY25. This reflects the hands-on approach under the new CEO, addressing short-term issues that had led to underperformance in some businesses. The underlying portfolio performed well in terms of profitability and cash generation, with improved trading in a number of businesses. The increased cashflow in H2 and significant headroom within its banking facilities leave SDI well placed to continue its buy and build strategy.