Brand sales are up 8.4% in H1 (+9.1% on a CCB), implying growth edged back to c7-8% over the final 8 weeks from c10% in the previous 8 weeks. This reflects a soft June in the UK but, with a bounce-back witnessed in July, we put this down to seasonal/contract fluctuations rather than anything of fundamental concern. As hoped, international Brand sales posted good growth, tracking the prior growth rate of 12% despite FX headwinds and tricky conditions in certain countries. With no forecast changes ....
04 Aug 2015
Sluggish June in UK not a major concern, overseas performing well
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Sluggish June in UK not a major concern, overseas performing well
Sanderson Design Group PLC (SDG:LON) | 106 7.8 7.5% | Mkt Cap: 76.0m
- Published:
04 Aug 2015 -
Author:
Matthew McEachran -
Pages:
4
Brand sales are up 8.4% in H1 (+9.1% on a CCB), implying growth edged back to c7-8% over the final 8 weeks from c10% in the previous 8 weeks. This reflects a soft June in the UK but, with a bounce-back witnessed in July, we put this down to seasonal/contract fluctuations rather than anything of fundamental concern. As hoped, international Brand sales posted good growth, tracking the prior growth rate of 12% despite FX headwinds and tricky conditions in certain countries. With no forecast changes ....