Todays update signals profit will be in line with Board expectations. Sales were a smidge lower than we had forecast, largely due to 3rd party manufacturing which was annualising strong comps. This was offset by margin and cost control. Net cash is £2.3m below our forecast, due to the targeted inventory reduction taking longer than hoped. We are not unduly concerned about this timing difference given the high quality nature of the inventory and make no changes to existing prudent forecasts for J ....
07 Feb 2023
In line full year update but for w/c unwind delay
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In line full year update but for w/c unwind delay
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
07 Feb 2023 -
Author:
Matthew McEachran -
Pages:
3
Todays update signals profit will be in line with Board expectations. Sales were a smidge lower than we had forecast, largely due to 3rd party manufacturing which was annualising strong comps. This was offset by margin and cost control. Net cash is £2.3m below our forecast, due to the targeted inventory reduction taking longer than hoped. We are not unduly concerned about this timing difference given the high quality nature of the inventory and make no changes to existing prudent forecasts for J ....