Adjusted PBT increased 16.4% in FY17 to £10.4m (N+1E £10.3m). Net debt was also marginally better than expected at £5.3m. DPS increased 25% to 3.61p (N+1E 3.39p) reflecting positive current trading and outlook comments, and growing confidence in international growth initiatives. Forecasts are well underpinned as 1) the core business is visibly reverting to growth as flood effects fade, including with major UK customers like John Lewis, 2) investment made in prior periods starts to yield benefits ....
26 Apr 2017
N+1 Singer - Walker Greenbank - Momentum visibly rebuilding post floods and after investment in growth
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N+1 Singer - Walker Greenbank - Momentum visibly rebuilding post floods and after investment in growth
Sanderson Design Group PLC (SDG:LON) | 102 -1.5 (-1.4%) | Mkt Cap: 73.5m
- Published:
26 Apr 2017 -
Author:
Matthew McEachran -
Pages:
3
Adjusted PBT increased 16.4% in FY17 to £10.4m (N+1E £10.3m). Net debt was also marginally better than expected at £5.3m. DPS increased 25% to 3.61p (N+1E 3.39p) reflecting positive current trading and outlook comments, and growing confidence in international growth initiatives. Forecasts are well underpinned as 1) the core business is visibly reverting to growth as flood effects fade, including with major UK customers like John Lewis, 2) investment made in prior periods starts to yield benefits ....